A notable withdrawal pattern involving 193 transactions was identified, totaling approximately 1.67 million USDC being routed through Tornado Cash after being converted to ETH.
These actions raised concerns regarding the effectiveness of monitoring measures at crypto exchanges, with no public response from Coinbase regarding the allegations.
The continued use of mixers like Tornado Cash underscores regulatory gaps, while USDC maintains stability with a market cap of approximately 61.71 billion USD.
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