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cs.CR2025
The Impact of Sanctions on decentralised Privacy Tools: A Case Study of Tornado Cash
Raffaele Cristodaro, Benjamin Kraner, Claudio J. Tessone
This paper investigates the impact of sanctions on Tornado Cash, a smart contract protocol designed to enhance transaction privacy. Following the U.S. Department of the Treasury's…
cs.CR2025
Clustering Deposit and Withdrawal Activity in Tornado Cash: A Cross-Chain Analysis
Raffaele Cristodaro, Benjamin Kraner, Claudio J. Tessone
Tornado Cash is a decentralised mixer that uses cryptographic techniques to sever the on-chain trail between depositors and withdrawers. In practice, however, its anonymity can be…
cs.ET2025
Money in Motion: Micro-Velocity and Usage of Ethereums Liquid Staking Tokens
Benjamin Kraner, Luca Pennella, Nicolò Vallarano +2
We introduce a micro-velocity framework for analysing the on-chain circulation of Lidos liquid-staking tokens, stETH, and its wrapped ERC-20 form, wstETH. By reconstructing full tr…