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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Cryptocurrency Laundering
The treasury department's office of foreign acit control has sanctioned 38 crypto currency wallet addresses. Alex penevic from nanson a estimated about 35 % of funds in tornado at the time of the sanctioning were illicit, whether coming from nona sanction enities or from hacks. So there is a good deal of illicit activity on tornado cash, but not the majority.
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