Tornado Cash hits record $1.2B TVL.
By Maxime Laurent · 2025-11-09 17:26
Tornado Cash hits record $1.2B TVL.
Massive inflows linked to Richard Heart’s wallets 🌪💰
On November 8, Tornado Cash reached an all-time high of $1.195 billion in total deposits — its biggest liquidity surge ever. Analysts say the spike is largely due to wallets tied to Richard Heart, founder of PulseX, PulseChain, and HEX.
According to on-chain data, about 20 PulseX-linked addresses moved over 116,000 $ETH (≈ $399.5M) into the mixer in recent days — nearly one-third of the protocol’s total TVL.
Heart (real name Richard James Schueler) was charged by the SEC in 2023 for raising over $1B through unregistered crypto offerings, and in 2024 Interpol issued a red notice at Finland’s request for tax evasion and assault.
Whatever the motive behind these transfers, the timing is striking. Tornado’s back to its historical highs — proof that in crypto, even controversy can fuel on-chain activity.
#TornadoCash #ETH #crypto #DeFi #privacy #RichardHeart #onchain #SEC
Massive inflows linked to Richard Heart’s wallets 🌪💰
On November 8, Tornado Cash reached an all-time high of $1.195 billion in total deposits — its biggest liquidity surge ever. Analysts say the spike is largely due to wallets tied to Richard Heart, founder of PulseX, PulseChain, and HEX.
According to on-chain data, about 20 PulseX-linked addresses moved over 116,000 $ETH (≈ $399.5M) into the mixer in recent days — nearly one-third of the protocol’s total TVL.
Heart (real name Richard James Schueler) was charged by the SEC in 2023 for raising over $1B through unregistered crypto offerings, and in 2024 Interpol issued a red notice at Finland’s request for tax evasion and assault.
Whatever the motive behind these transfers, the timing is striking. Tornado’s back to its historical highs — proof that in crypto, even controversy can fuel on-chain activity.
#TornadoCash #ETH #crypto #DeFi #privacy #RichardHeart #onchain #SEC
Disclaimer: This content is for informational purposes only and not financial advice.