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Into the storm: The murky world of cryptocurrency mixers

Published 12/07/2022, 10:04 AM
Updated 12/07/2022, 11:40 AM

Cryptocurrency mixing services are a divisive subject in the industry. Some advocate for the privacy-enabling features of these protocols while others maintain that they are mainly used for illicit means.

For platforms like Tornado Cash, the mainstream verdict is “guilty as charged.” The infamous decentralized mixing protocol was sanctioned by the United States Office of Foreign Assets Control (OFAC) in August 2022, essentially making it illegal for anyone to make use of the service.

Not all mixers are being used for illicit means

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