{"id":23378,"date":"2023-05-30T13:16:20","date_gmt":"2023-05-30T13:16:20","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/30\/tornado-cash-price-down-3-even-as-binance-resumes-torn-deposits\/"},"modified":"2023-05-30T13:16:20","modified_gmt":"2023-05-30T13:16:20","slug":"tornado-cash-price-down-3-even-as-binance-resumes-torn-deposits","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/30\/tornado-cash-price-down-3-even-as-binance-resumes-torn-deposits\/","title":{"rendered":"Tornado Cash price down 3% even as Binance resumes TORN deposits"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685450679707-7b810e88-3fd1-4bdd-abd4-22334f46ee53-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685450679707-7b810e88-3fd1-4bdd-abd4-22334f46ee53-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685450679707-7b810e88-3fd1-4bdd-abd4-22334f46ee53-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1685450679707-7b810e88-3fd1-4bdd-abd4-22334f46ee53-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/05\/1685450679707-7b810e88-3fd1-4bdd-abd4-22334f46ee53.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">TORN price was down 3% and traded close to $4.09.<\/li>\n<li dir=\"ltr\">Binance had on Monday introduced it could be resuming TORN deposits.<\/li>\n<li dir=\"ltr\">The Tornado Cash DAO suffered a safety breach as an attacker leveraged a malicious proposal to empty the treasury.<\/li>\n<\/ul>\n<p dir=\"ltr\">The price of Tornado Cash (TORN) was down greater than 3% on Tuesday morning and traded round $4.09 over the 24-hour interval. TORN\u2019s price had misplaced greater than 11% over the previous week, with the worth of the <a href=\"https:\/\/coinjournal.net\/news\/tag\/ethereum\/\">Ethereum<\/a>-based mixing service\u2019s native token having traded decrease since May 20.<\/p>\n<h2 dir=\"ltr\">Binance\u2019s resumption of TORN deposits<\/h2>\n<p dir=\"ltr\">Tornado Cash price fell greater than 50% (from highs of $7.16 to underneath $3.60 inside 24 hours) on May 20 as the decentralized privateness resolution\u2019s DAO suffered a governance breach that noticed an attacker drain it of tens of millions of {dollars}\u2019 price of crypto.<\/p>\n<p dir=\"ltr\">As <a href=\"https:\/\/coinjournal.net\/news\/torn-price-dumps-50-after-attacker-takes-over-tornado-cash-dao\/\">reported<\/a>, the attacker used a malicious proposal to achieve management over the Tornado Cash DAO and withdrew over 483,000 TORN tokens. They proceeded to swap the tokens into Ether (ETH), laundering 472 ETH.<\/p>\n<p dir=\"ltr\">The incident noticed <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a> halt TORN deposits on the Ethereum and BNB Smart Chain blockchains, citing the safety breach. On Monday, the world\u2019s main crypto change introduced it could be resuming deposits for TORN on each Ethereum and BNB Chain networks.<\/p>\n<p dir=\"ltr\">\u201cA<em>s the\u00a0<u>proposal<\/u> to restore the state of governance in the Tornado Cash (TORN) DAO has been passed and executed, Binance has resumed deposits for TORN via the Ethereum (ERC20) network and BNB Smart Chain (BEP20). Previously, TORN deposits via the Ethereum (ERC20) network and BNB Smart Chain (BEP20) were suspended at 2023-05-21 01:48:40 (UTC) due to the recent incident in the TORN DAO<\/em>,\u201d the change wrote in a <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-resumes-torn-deposits-via-ethereum-network-bnb-smart-chain-will-move-torn-into-the-innovation-zone-by-2023-05-30-ad2fd1e1d5894e87983cb8fb9a87b9c5\" rel=\"noopener noreferrer\" target=\"_blank\">blog announcement<\/a>.<\/p>\n<p dir=\"ltr\">However, the change famous that it could be shifting TORN into its Innovation Zone. Moving TORN into the Innovation Zone means Binance believes it nonetheless must intently monitor the token as additional developments unfold.<\/p>\n<p dir=\"ltr\">The price of Tornado Cash fell greater than double digits across the information launch and regardless of some upside to $4.35, it stays weak. TORN\/USD is down 36% over the previous two weeks and virtually 50% this previous month.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/tornado-cash-price-no-torn-boost-even-as-deposits-resume-on-major-exchange\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] TORN price was down 3% and traded close to $4.09. Binance had on Monday introduced it could be resuming TORN deposits. The Tornado Cash DAO suffered a safety breach as an attacker leveraged a malicious proposal to empty the treasury. The price of Tornado Cash (TORN) was down greater than 3% on Tuesday morning [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[6],"tags":[192,99,511,110,1472,6611,98],"class_list":["post-23378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-binance","tag-cash","tag-deposits","tag-price","tag-resumes","tag-torn","tag-tornado","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/23378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=23378"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/23378\/revisions"}],"predecessor-version":[{"id":23379,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/23378\/revisions\/23379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/23380"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=23378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=23378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=233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