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Cryptomixer in trouble: an attack on privacy?

Positive inflation data from the U.S. and a successful test of the planned Ethereum Merge have led to rising prices this week.

By Mike Hesp
• 3 min read
Cryptomixer in trouble: an attack on privacy?

Positive inflation data from the U.S. and a successful test of the planned Ethereum Merge have this week led to higher prices. In addition to improving market sentiment, sanctions against the Tornado Cash crypto mixer and the Berlin-based crypto bank Nuri's bankruptcy were the main topics of discussion.

Tornado Cash in the Sanctions Vortex

The crypto mixer Tornado Cash is facing heavy pushback from the U.S. government. Its use is prohibited and punishable. The hardline stance has drawn a lot of criticism from the crypto community. After all, not only criminal hacking groups like Lazarus use the service, but also people like Vitalik Buterin. Buterin used Tornado Cash to send multi-million-dollar donations to Ukraine. He wanted to protect the recipients by making them anonymous.

Nuri crypto bank in bankruptcy

Nuri is a well-known Berlin-based crypto bank. Aiming to make blockchain banking accessible to a broad audience, they have grown a lot in recent years. Now Nuri has filed for bankruptcy.

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