Weekly Roundup 08/12/22 (Tornado Cash OFAC'd, Dai reconsiders USDC, Merge scheduled) (EP.339)
On The Brink with Castle Island
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Tornado Cash - A Zero Nowlegfied Mixer
Tornado cash is a zero nowlegfied mixer, effectively. Think of it like the shielded pool on sea cash. You deposit funds into it and then you withdraw them. It's impossible to associate a withdrawal with the deposit. So tornado cash was immensely popular. Hundreds of millions of a value inside of the poolad in eath and other assets,. And billions in terms of turnover.
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