What is happening with TORNADO CASH Project?

Tornado Cash $TORN is an Ethereum blockchain-based crypto mixing service that allows users to gain a cloak of anonymity when transferring crypto assets. Last week Monday, the service was sanctioned by the U.S. government for assisting criminals in laundering stolen money. 

See US Treasury statement Here

After the announcement, the price of the protocol’s native token, TORN, dropped sharply by 48% within just 24 hours.

Given that in 2021, the Tornado Cash community set up a fund to provide incentives to key contributors of the project. Most addresses are already leaving the project and handed most authority to the Decentralised Autonomous Organisation (DAO) and it only remains one key address remaining. 

Check the CoinMarket Price for TORN 

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