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The Tornado Cash website
David Pan
TORN, the token of Tornado Cash, plummeted as much as 24% after a developer for the crypto transaction mixing protocol was arrested in Amsterdam on Friday.
The drop extended the slide begun earlier this week after the US Treasury Department banned US citizens from using the Ethereum-based protocol. The site is one of the most common platforms for those who want to obfuscate crypto transactions. It has been used by a North Korean hacking group linked to the $625 million attack on the blockchain gaming project Axie Infinity in March as well as facilitating a variety of cyber crimes, the Treasury Department said.
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