{"id":65697,"date":"2022-08-11T18:08:04","date_gmt":"2022-08-11T15:08:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65697"},"modified":"2025-09-06T21:24:20","modified_gmt":"2025-09-06T18:24:20","slug":"tornado-cash-faces-outflows-as-users-withdraw-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tornado-cash-faces-outflows-as-users-withdraw-funds\/","title":{"rendered":"Tornado Cash Faces Outflows as Users Withdraw Funds"},"content":{"rendered":"<p>The assets of the Tornado Cash mixing service fell by 15% after the <span data-descr=\"The U.S. Treasury Department's Office of Foreign Assets Control\" class=\"old_tooltip\">OFAC<\/span> was added to the sanctions list. The Block reports.<\/p>\n<p>Users effectively stopped depositing and accelerated withdrawals of funds previously deposited.<\/p>\n<p>Since the sanctions were announced, inflows totalled $6 million, 78.5% below the level for the same period last week.<\/p>\n<p>During this period, users withdrew $62 million from the protocol, equal to 15% of the balances across its addresses. In the first three hours, outflows reached $14.7 million.<\/p>\n<p>Earlier it was reported on August 11 that accounts of Tornado Cash users were blocked on the decentralized derivatives exchange dYdX. ForkLog <a href=\"https:\/\/forklog.news\/vitalik-buterin-raskritikoval-namerenie-makerdao-prodat-usdc-na-3-5-mlrd\/\">reported<\/a> that MakerDAO was developing a plan in case the mixer\u2019s main smart contracts come under sanction by authorities.<\/p>\n<p>Earlier, Vitalik Buterin said that he had used the service to donate to Ukraine.<\/p>\n<p>On August 9, a Tornado Cash user sent 0.1 ETH to multiple addresses. Among the recipients were EthHub co-founder Anthony Sassano, crypto trader Loomdart, Coinbase CEO Brian Armstrong, as well as television host Jimmy Fallon, YouTuber Logan Paul and Randi Zuckerberg. The community perceived this as a protest against US authorities.<\/p>\n<p> Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The assets of the Tornado Cash mixing service fell by 15% after OFAC was added to the sanctions list. The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":65698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1314],"class_list":["post-65697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-tornado-cash"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=65697"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65697\/revisions"}],"predecessor-version":[{"id":65699,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65697\/revisions\/65699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65698"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}