A seven-figure sale of a CrypToadz NFT on Ethereum wasn’t all that surprising during the market mayhem of late 2021. But such a sale today, amid significantly weakened demand for NFT assets, is sure to stand out. And today’s $1.6 million purchase of a CrypToadz NFT is raising some red flags, too, thanks to a connection to Tornado Cash.

CrypToadz #4030 was purchased today on the OpenSea marketplace for 1,055 Wrapped Ethereum (WETH), or more than $1.6 million worth. The buyer also paid OpenSea a fee of almost $42,000 worth of ETH on top of the base price.

The amount paid is dramatically more than the typical going rate for a CrypToadz NFT. Currently, they start at 0.53 ETH (about $835) on OpenSea, with the best listed offer on that particular NFT coming in a little higher at just below 0.6 ETH ($940). In other words, the buyer paid well above the market rate for this pr

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Author: Andrew Hayward

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