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US Treasury Imposes Sanctions on Iranian-Linked Ransomware Gang
The United States Treasury Department through the Office of Foreign Asset Control (OFAC) has updated its sanctions list with new targets focusing on ransomware gangs affiliated with the Iranian military.
US Treasury Updates FAQ on Sanctioned Tornado Cash
The Treasury Department assured the public that no one will be prosecuted for sharing the codes of Tornado Cash and that they can be used in an educational setting.
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.
Tornado Cash Community Fund Signatories Relinquish their Positions
The signatories to Tornado Cash's community funds have relinquished their role, automatically ceding control of the funds to the Decentralized Autonomous Organization (DAO).
Tornado Cash Developer Arrest Fuels Petition and Protests in Amsterdam
Following the crash of Tornado Cash under the sanctions imposed by the US, the protocol's developer, Alex Pertsev, has also been nabbed by authorities in the Netherlands, triggering a new round of protest.
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 Now Placed Under US OFAC Sanctions
The United States Treasury Department has barred Tornado Cash from offering any form of transactions to individuals in the US.
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.
Washington D.C. Attorney Faces SEC Insider Trading Charges
Romero Cabral da Costa Neto, a visiting attorney at a global law firm, has been charged with insider trading by the SEC, alleging he accessed confidential information about Swedish Orphan Biovitrum's acquisition of CTIC and purchased over 10,000 shares.
US SEC Hiring Attorneys for Crypto Assets and Cyber Unit
The US SEC is hiring general attorneys in New York, San Francisco, and Washington D.C. for its Crypto Assets and Cyber Unit in the Division of Enforcement. The job will involve investigating crypto asset securities and cyber issues, drafting subpoenas, and questioning witnesses. This move comes after the SEC chairman Gary Gensler asked for $2.4 billion in funding to chase down crypto misconduct.
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.
Coin Center Questions Tornado Cash Indictments in Light of FinCEN Guidance
The US Office of Foreign Asset Control accused former Tornado Cash creators Roman Storm and Roman Semenov for conspiracy to run an unauthorised money-transmitting company. The crypto community worries about the indictment's FinCEN compliance. Peter Van Valkenburgh, Coin Center's research director, said Tornado Cash's tools may not classify developers as money transmitters.
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.
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.
Tornado Cash Used to Siphon $500k from Hacked DAO Maker - PeckShield
Blockchain Security Company PeckShield and Crypto Security Specialist, CertiK have announced that a hacker laundered $500, 000 DAI stablecoins via 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.
Rep Emmer Demands Answers From Yellen Over Tornado Cash Sanction
Rep Tom Emmer, a United States Congress member and crypto advocate, is seeking answers from the United States Treasury Secretary, Janet Yellen on the sanctioned Tornado Cash cryptocurrency mixing service.
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.
Crypto Mining Ponzis That Made $8.4M Face Charges.
December 14 saw the Southern District of New York's U.S. Attorney unseal the indictment. IcomTech and Forcount claimed daily profits that could quadruple investor investments in six months. Both corporations used later investors' money to compensate earlier investors while spending other monies on advertising, luxury goods, and real estate.
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.
Flashbots Co-Founder Stephane Gosselin Resigns Following Disagreements with Colleagues
Gosselin’s departure has left a leadership hole at Flashbots.
New York Attorney General Recovers $1.7 Million from CoinEx for Operating Illegally
New York Attorney General Letitia James has successfully recovered over $1.7 million from CoinEx (COINEX) following a lawsuit against the cryptocurrency platform. CoinEx was found to be operating without the necessary registration as a securities and commodities broker-dealer and falsely representing itself as a crypto exchange.
Former Synthetix Developer Creates Way To access Prohibited Apps Like Tornado Cash
A former Synthetix developer named Liam Zebedee has introduced his newfound way of bypassing prohibited blockchain apps like Tornado Cash.
Singapore AGC Launches Tech and Crypto Crime Task Forces
Singapore's Attorney-General's Chambers has established two specialized task forces to combat technology-enabled and technology-facilitated crimes. These units, formed this year, consist of around 20 prosecutors trained in handling digital evidence and understanding the nuances of tech-related criminal activities.
KuCoin to Pay $22 Million and Exit New York in Landmark Settlement
KuCoin settles with NYAG for $22M and bans NY users, marking a major regulatory move in crypto, with implications for securities law and exchange compliance.
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.
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.
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 Backs Lawsuit against US Treasury over Tornado Cash Sanctions
A group of crypto users are challenging the US Treasury Department's sanctions of Tornado Cash in court. Coinbase is backing the legal action.
Tornado Cash's Alex Pertsev to Remain in Custody as Appeal Was Rejected
Legal authorities in the Netherlands have rejected the appeal to release Alexei Pertsev, the chief developer of the Tornado Cash protocol was arrested and remanded by Dutch Authorities shortly after the United States Treasury Department sanctioned the protocol
Coin Center Files Lawsuit against Treasury over Tornado Cash Sanctions
Backing a second lawsuit, Coin Center sues the Treasury Department and the Office of Foreign Asset Control (OFAC) over its sanctions on the Ethereum mixer, Tornado Cash.
Tether Says Will Not Block Tornado Cash until it is Directed by Authorities
Tether has affirmed it will not be blockchain addresses linked to Tornado Cash unless explicitly asked to do so by the government.
Tornado Cash Sees about 80% Deposit Decline following OFAC Sanctions: Report
In just about a week since the US Treasury Department’s Office of Foreign Assets Control placed a ban on the crypto mixer, Tornado Cash, the total deposits on the platform have plummeted remarkably.
TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash
According to data from block explorer, Etherscan, the attacker of the TempleDAO hack, has moved the funds stolen via the recently sanctioned crypto mixer, Tornado Cash.
Tornado Cash Developer Arrested by Dutch Authorities
The Dutch Fiscal Information and Investigation Service (FIOD) has arrested a suspect in connections to money laundering crimes on the crypto mixing platform, Tornado Cash
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
Origin Protocol Puts $1 Million Bounty on Hacker As OUSD Stablecoin Loses Stability
Origin has now announced a $1 million bounty reward for anyone who can bring the hacker responsible for destabilizing its stablecoin to justice.
Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach
Origin Protocol is the latest DeFi platform to lose $7 million due to hacking. The company has said that it is working to restore the stolen funds.