US sanctions against crypto mixer Tornado Cash couldn't shut it down, though its usage dropped sharply in the months since it was enacted, according to Chainalysis.
However, the firm also emphasized that because Tornado Cash is a smart-contract-based decentralized platform, “no person or organization can ‘pull the plug’ as easily on Tornado Cash as they could with a centralized service.”
Chainalysis explained that while sanctions applied to Tornado Cash saw its “front-end website taken down, its smart contracts can run indefinitely, meaning anyone can still technically use it at any time,” adding:
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