Crypto
Home›Crypto›Market Structure›Tornado Cash sees busiest 2026 day after sanctions del…
Tornado Cash sees busiest 2026 day after sanctions delisting
On July 23, deposits totaled 29,573 ETH, about $57.2 million, with one labeled Drift Exploiter address accounting for 78% of the inflow.
Tornado Cash processed 968 deposits on July 23, its busiest day of 2026, according to L2Beat data cited by The Defiant.
The outlet reports the spike involved 29,573 ETH, worth about $57.2 million at July 23 prices, routed into the mixer’s Ethereum pools across 110 addresses, with the majority traced to a single labeled source. An address labeled “Drift Exploiter 4” made 245 deposits totaling 23,095 ETH, about $44.4 million, or 78% of the day’s inflow, in under two hours, according to on-chain tracking referenced by The Defiant.
The article also links the activity to the aftermath of the April 1 Drift exploit, which followed the Solana perps DEX drain of roughly $285 million, the largest DeFi hack of 2026. PeckShield data, as described by The Defiant, indicates the same exploiter sent 0.85 ETH to Bybit.
Beyond that concentration of funds, The Defiant says the mixer’s overall usage has climbed since the U.S. Treasury’s Office of Foreign Assets Control delisted Tornado Cash in March 2025, after a Fifth Circuit ruling that immutable smart contracts cannot be sanctioned. The piece adds that Roman Storm’s case continues, with prosecutors seeking an October retrial on money-laundering and sanctions-conspiracy charges after a prior Manhattan jury hung on those counts.
Latest closeEthereum $1,869.70 ▼0.7%|Solana $73.95 ▲0.7%