TLDR Tech / Crypto
How onchain analysts demix Tornado Cash transactions
Investigators de-anonymize Tornado Cash withdrawals not by exploiting behaviors (e.g., address reuse, matching gas prices, tight deposit-withdrawal timing windows, and matched multi-note "voucher" counts). Open-source tools like tornado-demix (deposit-withdrawal correlation) and retrace (withdrawal-side tracking) formalize these heuristics into probabilistic candidate links, which analysts corroborate with graph analysis and off-chain intelligence rather than treating as definitive proof.
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