"During certain periods between September 1, 2020 and August 8, 2022, up to 55% of the funds moving through Tornado Cash were gained through criminal activity, according to Special Agent Joel DeCapua."
"Special Agent Joel DeCapua confirmed significant criminal activity involved $1 billion in stolen funds being laundered through Tornado Cash, often linked to major hacks like the Ronin Bridge exploit."
FBI Special Agent Joel DeCapua testified that between September 1, 2020, and August 8, 2022, 55% of funds processed through Tornado Cash were tied to criminal activities. The defense argued that only 10% were confirmed as criminal. DeCapua described incidents of hacks, mainly the Ronin Bridge exploit, where over $1 billion in stolen assets were laundered through Tornado Cash. This was supported by evidence of spikes in illicit deposits following various hacks, indicating that hackers routinely utilized the protocol for washing funds.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]