In 2024, inflows (to Tornado Cash) surged by 108% compared to the previous year, continuing the rebound trend we first identified in last year’s Crypto Crime Report
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Tornado Cash
Chainalysis
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Sanctioned jurisdictions account for 39% of illicit crypto transactions in 2024
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According to a Chainalysis report, Tornado Cash saw a 108% surge in inflows in 2024, driven by a three-year high in stolen funds that accounted for over 24% of total inflows, underscoring its role in anonymizing transactions
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