Tornado Cash Sees $16.25 Million Withdrawal as Ethereum Drops

Recent activity at Tornado Cash has raised eyebrows, with three new wallets withdrawing a substantial sum of ETH – approximately $16.25 million – shortly after notable deposits by HEX founder Richard Heart earlier this year. The withdrawals, totaling 4,920 ETH, were made at an average price of $3,302 per coin. Further scrutiny is being directed towards the anonymity and privacy features of Tornado Cash following this development.