Chainalysis: Sanctions could not stop the work Tornado Cash – Bits Media

Chainalysis analysts consider, that restrictions will not be able to completely stop the use of decetralized services, but only difficult access to them.

Chainalysis published a report, from which it follows, that sanctions, Cryptocurrencies superimposed on the Tornado Cash cryptocurrency, really influenced the work of the service, However, it was not possible to completely turn off the algorithm. According to analysts, Tornado Cash is a decentralized platform based on smart contracts, Therefore, not a single person or organization can be so easy to take and suspend the work of the mixer.

As an example, experts brought the site to the Hydra darknet, on which, After the servers are disconnected by the German police, The influx of cryptocurrencies fell to zero. Platform, Explains Chainalysis, was centralized, Therefore, it was not difficult for law enforcement officers to close it.

Sanctions against Tornado Cash led to that, that the site of the mixer, working as an interface, Closed, However, the smart contract itself continues to work-technically, Experts write, Anyone can use it at any time:

“It proves, that sanctions against decentralized platforms and services work more like a tool, which can prevent their use, But do not completely stop ".

Nonetheless, The sanctions were able to scare people to use a mixer - a month after imposing restrictions, the general influx of funds fell from $25 million per day before $5 million.

Recall, Previously, Holland rejected
Lawyers' requests to release Tornado Cash, Alexei Perev, home until the next court hearing, which should take place 20 february.