What is tornado cash (torn)?

Tornado Cash (TORN) is a decentralized as well as non-custodial privacy solution that is built on Ethereum. While Tornado Cash was developed based on open source research by the Zcash team (a privacy coin), the protocol allows users to send ETH and ERC-20 deposits through its smart contract service.

Can I withdraw ETH from tornado cash?

Once you send an ETH or ERC-20 deposit to Tornado Cash, you can withdraw your crypto through a new address. Once the asset is withdrawn by the new address, there’s no way to link the withdrawal to the deposit and this, in turn, ensures asset privacy.

Did a steadefi hack deposited 100 ETH in tornadocash?

Blockchain security firm CertiK Alert revealed that an Ethereum account linked to the Steadefi hack deposited 100 ETH worth $185,000 into TornadoCash on August 9th. This transaction was flagged as being connected to the attack that drained over $334,000 from Steadefi on August 7th.

Is tornado cash a decentralized protocol?

As of then, the founders don’t have any control of Tornado Cash, and it is considered a fully decentralized protocol. The TORN token is an ERC-20 token with a fixed supply that allows for holders to make proposals and vote for changes within the protocol.