Crypto – Mixers – Tornado Cash Saga

 People who follow crypto closely know about Tornado cash, a crypto-mixer that has been doing rounds in the news for quite some time now but for all the wrong reasons.

Tornado cash was banned by the US Department of Treasure recently, stating that it was used to launder around $7 billion worth of cryptocurrency since its inception in the year 2019.


Operating on the Ethereum blockchain Crypto-mixer are known to facilitate anonymous transactions without making them traceable. Even though its purpose is to protect users’ privacy, they have been linked to some of the major hacks the crypto industry has encountered in recent years.


Let us delve deep and understand how crypto-mixers work and why the US Department of Treasures sanctioned it.


How Crypto-Mixers Work?


Crypto-mixers, as the name suggests, mix different cryptocurrencies to make it difficult to trace crypto wallets.


Since cryptocurrency transactions are done on the blockchain, where the movement of the fund is visible to everyone, Crypto mixers jumble up the source of the fund with other funds, making it difficult to track the transaction.


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