Elliptic: Tornado Cash is the preferred money laundering tool for NFT scams

Golden Finance reported that according to information disclosed on Elliptic’s official website, Tornado Cash has processed $137.6 million worth of encrypted assets in the NFT market. Before being sanctioned by OFAC in August 2022, 52% of NFT scams processed funds through Tornado Cash, which is NFT Scam’s preferred money laundering tool. To support OFAC sanctions requirements, it is necessary for NFT platforms to screen relevant addresses.