According to The Block Research data, since the sanctions came down, just $6 million has been deposited into Tornado Cash. This represents a 78.5% decline compared to the same length of time during the previous week. Since the sanctions were announced, $62 million has been withdrawn from the protocol, decreasing the amount of crypto held in its addresses by 15%. Out of that, $14.7 million was withdrawn in the first three hours alone.
Source DeFi
Get the most concise crypto news, research, and insights by subscribing to our free newsletter.
