Tornado Cash is a cryptocurrency mixing protocol, and TORN is used to vote on proposals for upgrading the protocol. From Nov. 26 to 27, the token took a nosedive, falling from $3.90 to just $1.66 — a decline of 57%. The price decline happened as the world’s largest crypto exchange by volume, Binance, announced that it would stop accepting deposits of TORN on Dec. 8 and no longer process withdrawals after March 7, 2024.
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