Is Tornado Cash Complicit in Laundering Crypto? It’s Complicated, Says Former Agent
In many ways, Crypto.com’s hack is now case closed. Technical details of the hack were released (the amount stolen was updated to $33 million) Thursday in a post-mortem, and the 483 users that had their funds stolen were reimbursed by the exchange.But at the center of the episode is Tornado Cash, a mixing protocol that obscures details of the transactions on the blockchain in order to throw off investigators. Mixers, also known as tumblers, aren’t new; they’ve been around almost as long as blockchain technology itself. Almost universally, the fate of mixers has been the same — shutdown and arrests.In…