TORNADO CASH
Tornado Cash Developer Moves to Overturn Conviction
Roman Storm's legal team argues prosecutors failed to prove intent in landmark crypto mixer case that could reshape developer liability across the industry.
DC Crypto Policy Developments: Tornado Cash and SEC Bulletin Updates
Explore recent crypto policy updates, including Tornado Cash sanctions and SEC's rescission of Staff Accounting Bulletin 121. Understand implications for the crypto industry.
Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges
Tornado Cash's co-founder, Roman Storm, has filed a dismissal motion for charges related to money laundering and violating the IEEPA.
Lazarus Group Circumvents Sanctions, Launders $12M Via Tornado Cash
North Korea's Lazarus Group has reportedly resumed laundering stolen cryptocurrency through Tornado Cash, circumventing international sanctions.
Cryptocurrency Detective ZachXBT Uncovers Unusual ETH Withdrawals for MTG Cards
ZachXBT's analysis of cryptocurrency transactions involving the withdrawal of over 11,200 ETH, equivalent to $25 million, raises questions about the source and intent of these funds.
Tornado Cash Token Plummets Following Binance Delisting Announcement
The Tornado Cash token's value significantly decreased following Binance's delisting announcement, amid regulatory and market compliance issues in the cryptocurrency sector.
Coinbase is challenging the U.S. Treasury over the recent tornado cash sanctions
Coinbase is suing the U.S. Treasury for listing Tornado Cash on the SDN List, arguing it violates digital privacy and regulatory authority in the cryptocurrency sector.
Court Upholds OFAC's Designation of Tornado Cash Under IEEPA
The US District Court upheld the OFAC's designation of Tornado Cash under the IEEPA, rejecting plaintiffs' claims of overreach and First Amendment violations, highlighting legal challenges for privacy-oriented blockchain entities.
Tornado Cash Founders Face Legal Action Over Money Laundering and Sanctions Violations
Tornado Cash co-founders Roman Storm and Roman Semenov have been indicted for money laundering, sanctions violations, and operating an unlicensed money transmitting business. The US Treasury added Semenov to its list, preventing US residents from using the platform.
Cyber Attackers Seize Control of Sanctioned Crypto Mixer Tornado Cash
Tornado Cash, a fully decentralized and open-source cryptocurrency mixer operating on Ethereum-based networks, has been subjected to a malicious takeover. This comes as another significant blow to the platform following its troubled history with regulatory authorities.
Tornado Cash Developer Set to be Released
Tornado Cash developer, Alex Pertsev, who was arrested last August for his alleged involvement in money laundering through the crypto mixing service, is set to be released after spending nearly nine months in prison.
Euler Finance Audited 10 Times Before $196 Million Attack
Euler Finance, an Ethereum-based lending protocol, underwent 10 audits from six different firms in two years before it suffered a $196 million flash loan attack. Despite this, the audits deemed the platform "nothing higher than low risk" with "no outstanding issues." The attack prompted Euler to launch a $1 million bounty for information leading to the hacker's arrest, only for them to move the funds through crypto mixer Tornado Cash.
Suspected Hackers Move Stolen Funds to Sanctioned Crypto Mixer
The suspected hackers behind the $6 million exploit of Lendhub have moved more than half of their ill-gotten gains to the sanctioned crypto mixer Tornado Cash. The on-chain intelligence firm Beosin reported that a total of 3,515.4 ETH, currently worth over $5.7 million, has been sent to Tornado Cash by the exploiter since Jan. 13. Tornado Cash attempts to anonymize Ethereum transactions, and was sanctioned by the US Office of Foreign Assets Control (OFAC) for its alleged role in the laundering of crime proceeds.
Alexey Pertsev will remain held until next year's hearing
Alexsey Pertsev will spend another three months in Dutch prison. After 103 days in detention, he had a preliminary court hearing. The counsel stated the first session has been postponed until 2023 and that the state gave a one-sided view.
Deribit Hackers Turns to Tornado Cash to Launder Stolen Funds
The hacker(s) who exploited Deribit Exchange have started laundering the stolen cash through Tornado Cash