Mixers & Incidents

Tornado Cash flows provide useful signal even if you are not doing any mixing.

This shows stablecoin flows in to Tornado-Cash-associated wallets on Ethereum. Each large spike corresponds to a well-known incident. It's an excellent risk signal.

Here we see the volume of tokens, in token not $, sent in to Torando-related addresses. This is widespread and the shape is eerily natural and physics-like.