Elliptic: Tornado Cash was a key service for NFT canom
The Tornado Cash cryptocurrency mixer who fell under US sanctions was a preferred tool for laundering funds received from fraud with NFT. This is stated in the report of the analytical company Elliptic.
According to them, the mixing service was a source of crypto assets in the amount of $ 137.6 million processed by NFT markets. With its help, 52% of income from illegal operations with NFT washed it.
“The widespread use of TornAdo Cash for fraud with non-deposited tokens emphasizes the need for effective control by NFT platforms,” added analysts.
Tornado Cash did not comment on this information.
According to Elliptic, in general, since 2017, an attackers have beenhed more than $ 8 million illegal funds through the NFT marketplaces, which is 0.02% of the total trade turnover.
In the same period, $ 328.6 million (0.81%) associated with the market of non -replaced tokens passed through cryptomixers. Part of this amount may reflect income from illegal activity.
From July 2021 to July 2022, tokens were stolen in the amount of over $ 100 million.
Recall, on August 8, OFAC included the Tornado Cash cryptocurrency mixer on suspicion of laundering over $ 7 billion in cryptocurrencies.
On August 12, the Netherlands authorities arrested the developer of the service Alexei Pertsev. The authorities suspect him of involvement in money laundering and concealing criminal financial flows.
Last week, Celsius Network said in a lawsuit that its former https://gagarin.news/news/nft-hodler-loses-100-ethereum-thanks-to-a-joke/ KEYFI capital manager and its founder Jason Stone stole the assets of the platform for millions of dollars, including by converting them into hundreds of NFT and using Tornado Cash.
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