Tornado Cash Dev Roman Storm Moves to Dismiss Indictment Over Crypto-Laundering Allegations
Tornado Cash Dev Roman Storm Moves to Dismiss Indictment Over Crypto-Laundering Allegations Source link
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Tornado Cash Dev Roman Storm Moves to Dismiss Indictment Over Crypto-Laundering Allegations Source link
Pertsev has been accused of laundering $1.2 billion worth of crypto through the anonymizing tool Tornado Cash, the Dutch prosecutors detailed in an indictment that was shared ahead of the trial. The indictment said that between July 9, 2019 and Aug. 10, 2022 Pertsev made “a habit of committing money laundering.” Source link
The indictment, seen by CoinDesk, says that between July 9, 2019 and Aug. 10, 2022, “at least in the Netherlands and/or in Russia and/or the United States and/or in Dubai, together and in association with one or more others, at least alone,” Pertsev allegedly “made a habit of committing money laundering.” Source link
Tornado Cash was hit by U.S. sanctions in August 2022. This spurred Lazarus Group to use another mixer, Sinbad, to obfuscate their ill-gotten gains. However, Sinbad itself was seized by U.S. authorities in November, prompting Lazarus to make the shift back to Tornado Cash, Elliptic said in its blog post. One of Tornado Cash’s founders, […]
User deposits on decentralized privacy protocol Tornado Cash are reportedly at risk following the insertion of malicious code in the protocol’s back end, according to a Medium post by community member Gas404. Source link
Indeed, it is not. We should have the right to transact freely online, whether it’s to communicate with words or to exchange value in the form of crypto. The operation against Tornado supposes that all money sent through a mixer is necessarily dodgy, when, in all likelihood, only a portion of the $1 billion was […]