## Tornado Cash Sees All-Time High Transaction Volume Ethereum mixing platform Tornado Cash has witnessed a significant spike in transaction volume, reaching an all-time high according to DL News. This surge is largely attributed to concentrated activity from a small number of large holders, often referred to as "whales." Specifically, 21 addresses linked to PulseX, a decentralized exchange (DEX) built on the PulseChain network and overseen by Richard Heart, have reportedly transferred over 116,000 ETH to Tornado Cash. This substantial amount, valued at approximately $400 million, represents a significant portion – about one-third – of Tornado Cash's total value locked (TVL). The timing of this surge coincides with ongoing legal challenges faced by Richard Heart. In 2023, the U.S. Securities and Exchange Commission (SEC) filed charges against Heart's Hex, PulseChain, and PulseX platforms, alleging the issuance of over $1 billion in unregistered securities. Heart himself was also accused of fraud, including the alleged misappropriation of at least $12 million. The connection between these legal proceedings and the recent activity on Tornado Cash remains a subject of speculation and further investigation. ```