Behind the Tornado million ETH transfer: Developer Richard Heart's zero-knowledge proof ambitions

LiquidityWitch · 2026-01-11T01:24:13+00:00

Recently, transfer signals have appeared on the chain, with the TVL of the liquidity pool in Tornado Cash plummeting by 40%, and 120,600 ETH transferred. On-chain analysis points to crypto developer Richard Heart. His new project ProveX aims to use zero-knowledge proof technology to build a trustless P2P cryptocurrency trading system, with the potential to seek breakthroughs in the DeFi space.

LiquidityWitch

2026-01-11 01:24:13

Abstract generation in progress

【Blockchain Rhythm】Recently, there have been some interesting transfer signals on the chain. Data shows that the liquidity pool with “100 ETH” on Tornado Cash experienced a 40% drop in TVL over the past week, with a total of 120,600 ETH transferred during this period. Who is behind this major movement? On-chain analysis points to crypto developer Richard Heart—this guy has transferred 162,937 ETH through Tornado in the past 4 months.

There is a story behind the numbers. These transfers are highly related to his new project ProveX. What exactly is ProveX? In simple terms, it aims to build a completely trustless peer-to-peer encrypted currency trading and settlement system using zero-knowledge proof (ZKP) technology. It sounds quite radical—no intermediaries, no trusted third parties, with direct interaction between trading parties. In today’s DeFi landscape, where various protocols have turned into a chaotic stew, whether this “extreme P2P” approach can break through depends on subsequent technological and ecological implementation.

ETH-0,88%

ZKP0,66%

DEFI3,89%

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