Blockchain analysis firm Arkham Intelligence has reported that crypto mixing platform Tornado Cash has bounced back after facing sanctions from the US government and the arrest of its key figures. According to Arkham Intelligence, Tornado Cash remains the largest crypto mixer on the Ethereum network, with $77.35 million in assets flowing through its contracts in the past 30 days. The service helps anonymize 10 different cryptocurrencies. Although the total value locked (TVL) on Tornado Cash is currently a little over a quarter of its peak, the TVL and transfer volume have recovered somewhat despite the sanctions and arrests. The co-founders of Tornado Cash, Roman Storm and Roman Semenov, were charged with operating the service and laundering over $1 billion in criminal proceeds. Storm has been released on bail, while Semenov is still at large. Additionally, a developer of the service, Alexey Pertsev, was arrested in the Netherlands in 2023 and held without trial until April of this year.

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Information	Details
Geography	Europe
Countries	🇳🇱 🇺🇸
Sentiment	neutral
Relevance Score	0
People	Roman Storm, Roman Semenov, Alexey Pertsev
Companies	Ethereum Mainnet, Arkham Intelligence, US government, US Treasury, Tornado Cash, Netherlands
Currencies	Ethereum
Securities	None