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Crypto Criminals Prefer Tornado Cash Above Other Methods For Money Laundering

Published 18/04/2024, 21:20
Crypto Criminals Prefer Tornado Cash Above Other Methods For Money Laundering
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Coin Edition -

  • CertiK Alert has identified Tornado Cash as the most preferred money laundering method for crypto criminals.
  • Criminals deployed Tornado Cash in over 60 of all 224 incidents recorded in Q1 2024.
  • Digital assets thieves transacted about $69 million via Tornado Cash in Q1 2024.

CertiK Alert, the security platform that monitors blockchain protocols, has identified Tornado Cash as the most used method by malicious actors for laundering stolen funds in the blockchain ecosystem. According to the blockchain tracker, criminals deployed Tornado Cash in over 60 of all 224 incidents recorded in Q1 2024.

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