Significant ETH Transfers Linked to Developer Richard Heart

According to BlockBeats On-chain Detection, on January 11, crypto analyst Cryptosolv reported a 40% decrease in the total value locked (TVL) of the '100 ETH' pool on Tornado Cash over the past week, with 120,600 ETH being transferred. Onchain Lens indicated that the addresses involved belong to crypto developer Richard Heart, suggesting that the wallet may be connected to his new project, ProveX. Over the last four months, Heart has transferred 162,937 ETH through Tornado Cash. Public information reveals that ProveX aims to facilitate completely trustless, peer-to-peer (P2P) cryptocurrency transactions and settlements using Zero-Knowledge Proofs technology.