We recently reported that the crypto mixing service has been making headlines following the latest reports, which you can learn in this article. Take a look at the following tweet.
Centralized RPC services are one of the cancers that undermine the core benefits of crypto.
As long as they dominate the market, no protocol is truly permissionless. pic.twitter.com/3TI3QmDgmD
— ノーネーム (@0xdev0) August 9, 2022
Now, it’s been revealed that users of this service are getting their funds out following the announcement.
Check out the following relevant tweet.
Tornado Cash users rushed to withdraw funds immediately after the US Treasury’s sanctions announcement on Monday.
As of this writing, $62 million has been withdrawn post-sanctions, corresponding to around 15% of the value locked in Tornado Cash. pic.twitter.com/LpHUKgolJc
— unfolded. (@cryptounfolded) August 12, 2022
Following the initial announcement involving Tornado service, someone said: “Obvious something like this was always going to happen, right? Consensys (dunno about Alchemy) is an American company, and when the Man comes a-knocking, they’re hardly going to go rogue. Are there any potential problems with metamask being fucK*d with too?”
Someone else answered this: “Thankfully metamask is open source (tho the license is restrictive) – which unlike infura means if consensys become a bad actor, the community could route around it.”
In other news, there has been a lot of crisis in the crypto space during the past couple of years.
But on the other hand, some optimistic news from the crypto space pops up. Check out the latest reports here.
Voyager Digital releases news about crypto withdrawals
According to the latest reports, the troubled crypto lending platform Voyager Digital revealed plans to resume cash withdrawals for customers this week after filing for bankruptcy last month.
Stay tuned for more news, and make sure to check out the market as well.