Cryptocurrencies
Tornado’s Crypto Token TORN Nosedives After US Sanctions
- Tornado Cash was used by cyber criminals to launder funds
- TORN’s price has fallen around 95% from its all time highs
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Tornado Cash’s token TORN fell sharply on Tuesday after the US Treasury Department imposed sanctions on the cryptocurrency mixer.
TORN was down 24% during Asian hours to $22, according to CoinGecko data. The token has lost 95% of its value since its all-time high in February 2021.