Privacy services like Tornado Cash allow for asset pooling to maintain privacy in blockchain transactions, counteracting the public nature of typical blockchain transactions. This is particularly relevant for individuals seeking to safeguard their transactions for safety or privacy reasons.
The use of Tornado Cash for money laundering, specifically by entities like North Koreans, has drawn the attention of the U.S. government. Tornado Cash developers have been charged with offenses related to money laundering, unlicensed operations, and sanctions violations.
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