Tornado Cash Deposits Soar to $1.9 Billion in 2024 Despite Ongoing Sanctions

TL;DR Tornado Cash has received $1.9 billion in deposits in the first half of 2024, despite US Treasury sanctions. Sanctions make it illegal for US users to interact with Tornado Cash, but activity remains high. Coin Center filed a lawsuit in 2022 arguing that the sanctions are illegal. Despite sanctions imposed by the US Treasury ... source: https://crypto-economy.com/tornado-cash-deposits-soar-to-1-9-billion-in-2024-despite-ongoing-sanctions/