What is a crypto mixer?

Much like how the name describes, a crypto mixer is a service (which can be centralized or decentralized) that increases the anonymity of certain crypto transactions. Users deposit crypto into a smart contract designed to execute the mixing transaction from one address.

Are crypto mixers making headlines?

Crypto Mixers Are Making Headlines, But What Are They? With crypto mixers, specifically Tornado Cash, increasingly under regulatory scrutiny, facing sanctions, and generally attracting the wrong kind of attention, it seems like an appropriate time to objectively look at these services.

How much money does a cryptocurrency mixer make a day?

She estimates that overall, mixers receive about $30 million in cryptocurrency every day. Tornado Cash has become one of the most popular crypto mixers . It allows a user depositing the cryptocurrency Ether (ETH) in its protocol, or software, to then withdraw the same amount.

What is a coin mixer?

A coin mixer is a service that allows users to obfuscate the origin and destination of transactions. Users send cryptocurrency to the service, have that crypto mixed with other coins or tokens, and then send the equivalent amount of “mixed” coins to a recipient address, hiding the connection between the sender and recipient.