Crypto's Most Popular Money Laundering Tool UI Is Now Open Source

Tornado Cash TORN/USD, the most widely used coin mixer, goes open source.

What happened: In an announcement on Thursday, the team behind the decentralized protocol said they would make the Tornado Cash Classic UI open source.< /p>

"Ever wanted to dig deep into the Tornado Cash Classic UI code? If so, well, your time has finally come! Anyone can read and analyze the UI current user of Tornado Cash Classic pools," Tornado Cash wrote in a blog post.

The move will allow users to modify the code, enhance it with new features, and create a pull request for their proposed changes.

Why it matters: Tornado Cash is often the tool of choice for hackers and blockchain users seeking anonymity in transactions.

The decentralized privacy solution is based on Ethereum ETH/USD and works by breaking the chain link between the recipient and the destination address, making it more difficult for the cryptocurrency to be sent to be drawn.

Earlier this year, CoinDesk analysis revealed that hackers who stole $655 million from Axie Infinity's AXS/USD Ronin chain successfully transferred $65 million through Tornado Cash within a week. The protocol was also the tool of choice for the creators of the Squid Game SQUID/USD crypto token after removing liquidity from the investor pool.

Price Action: According to data from Benzinga Pro, Tornado Cash's native TORN token was trading at $23.97 at press time, gaining 6% over 24 hours. ETH was trading at $1,253, up 6.8% over the same period.

Photo viaPraveen Nanu on Shutterstock

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