吴说获悉，据 Arkham 分析师 Emmett Gallic 披露，HEX、PulseChain 创始人 Richard Heart 为其新协议 ProveX 发起新一轮"Sacrifice"，累计募集超 4.1 亿美元。但其中约 4 亿美元（约 12 万枚 ETH）被指来 自其本人通过 Tornado Cash 清洗的资金，涉及超过 950 个地址。Gallic 称，这些 ETH 源自此前 PulseChain 相关地址，先进入 Tornado Cash，再经 960 余个钱包流入 ProveX Sacrifice；受 ETH 价格下 跌影响，该部分 ETH 较最初存入 Tornado Cash 时已浮亏约 2.8 亿美元。 （来源：吴说） ...

来源：市场资讯 （来源：吴说） 吴说获悉，据 Arkham 分析师 Emmett Gallic 披露，HEX、PulseChain 创始人 Richard Heart 为其新协议 ProveX 发起新一轮"Sacrifice"，累计募集超 4.1 亿美元。但其中约 4 亿美元（约 12 万枚 ETH）被指来 自其本人通过 Tornado Cash 清洗的资金，涉及超过 950 个地址。Gallic 称，这些 ETH 源自此前 PulseChain 相关地址，先进入 Tornado Cash，再经 960 余个钱包流入 ProveX Sacrifice；受 ETH 价格下 跌影响，该部分 ETH 较最初存入 Tornado Cash 时已浮亏约 2.8 亿美元。 ...

RT Emmett Gallic (@emmettgallic)Richard Heart (Founder of Hex, Pulsechain, ProveX) launched another "Sacrifice" for his new protocol ProveX and managed to get over $410M in sacrifices.Only thing is that $400M (120K ETH) of the funds came from him laundered through Tornado Cash using over 950 addresses... https://t.co/Ds8HqHgjE0 ...

Core Insights - A wallet address associated with Cambodia's Huione has deposited approximately $5.19 million in assets into Tornado Cash, including 1,017 ETH and 212 BNB, and the wallet has since been emptied [1] Group 1 - The total amount deposited into Tornado Cash from the Huione-related wallet is around $5.19 million [1] - The assets deposited include 1,017 ETH and 212 BNB [1] - The wallet in question has been cleared of its assets [1]

吴说获悉，据 Cyvers Alerts 监测， Arbitrum（ARB） 网络出现多笔涉及代理合约的可疑交易，造成约 150 万美元损失。初步分析显示，USDGambit 与 TLP 项目的单一部署者账户可能失去访问权限，攻击 者随后部署新合约并更新 ProxyAdmin 权限以取得控制权。被盗资金已跨链至以太坊并转入 Tornado Cash。 （来源：吴说） ...

（来源：吴说） 吴说获悉，据 SpecterAnalyst 监测，一名受害者因地址污染（address poisoning）攻击损失约 5,000 万美 元资产。相关资金被兑换为 ETH 后转入多个钱包地址，部分资金已开始流入 Tornado Cash 账户。 ...

Guide: Tornado Cash 101 (Crypto Mixers)Tornado Cash is a decentralized crypto mixer on Ethereum that breaks the on-chain link between senders and receivers, making it harder for its users to be tracked.Our research team wrote a guide explaining how Tornado Cash works, why it was sanctioned, why those sanctions were later lifted, and how its activity can be analyzed on-chain. ...

🚨 ALERT: A whale lost ~$27.3M after a multisig private key compromise, with funds laundered via Tornado Cash. https://t.co/z7tJq3Et9o ...

Core Insights - The financial system historically promised privacy, but blockchain technology has disrupted this principle, leading to a transparency-first model in crypto that exposes all transactions and balances [1][2] Group 1: Historical Context of Privacy in Finance - Early financial systems, including cash and banks, emphasized privacy, but the advent of blockchain technology has compromised this [1] - The 1990s saw attempts at digital privacy with systems like DigiCash, which ultimately failed due to a lack of consumer understanding of privacy's importance [4] - Bitcoin prioritized decentralization over privacy, leading to the development of privacy tools like mixers, which were often associated with illicit activities [5] Group 2: Evolution of Privacy Solutions - Monero, launched in 2014, made privacy the default but faced regulatory challenges and delisting from exchanges due to its strong anonymity features [6] - Tornado Cash, a smart contract mixer, initially succeeded but was sanctioned by the U.S. Treasury after being used for illicit activities, highlighting the risks of absolute anonymity [7] - The next generation of privacy solutions aims to balance user privacy with regulatory compliance, allowing selective disclosure of transaction details [8][10] Group 3: The Role of Stablecoins - Stablecoins have gained traction due to their speed and cost-effectiveness compared to traditional banking, but they often require users to sacrifice privacy for usability [13][14] - Recent innovations like Ethena's USDe and Neutrl aim to enhance the utility of stablecoins but do not fully address the privacy concerns that hinder broader adoption [15] - The neodollar, USX, is designed to provide a stable, private, and user-friendly experience, addressing the privacy gap in stablecoin usage [16] Group 4: Future of Privacy in Crypto - Privacy is increasingly recognized as a fundamental requirement for the survival and growth of the crypto industry, moving beyond a niche demand [17] - Significant financial assets, including global remittances and retirement funds, present a crucial opportunity for integrating privacy into crypto solutions [18][19] - The future of a more efficient global financial system hinges on delivering the confidentiality that traditional payment systems consider essential [20]

Core Insights - Roman Storm, co-founder of Tornado Cash, was convicted for operating an unlicensed money-transmitting business, marking a significant moment in the fight against crypto money laundering [1] - Regulators have historically viewed mixers like Tornado Cash as major money laundering threats, but data suggests that centralized exchanges are the primary facilitators of crypto money laundering [2][3] Centralized Exchanges as Laundering Hubs - Centralized exchanges are identified as the main platforms for laundering illicit crypto funds, with a 2025 Chainalysis report indicating that most illicit funds were routed through these exchanges in 2024 [5] - Criminals prefer centralized exchanges due to their liquidity, speed, and global reach, which allow for the conversion of dirty crypto into cash [6] - Compliance programs at centralized exchanges are often under-resourced and poorly enforced, leading to illicit transactions being overlooked [6] Enforcement and Compliance Issues - High-profile cases, such as the U.S. Justice Department's settlement with Binance, have highlighted systemic issues within centralized exchanges, including their involvement in transactions related to ransomware and darknet markets [7] - Binance has increased its compliance spending to $213 million in 2023 following these revelations [7] - BitMEX faced a $100 million fine for violations of the Bank Secrecy Act, with its founders later receiving pardons [7]