Tornado Cash Indictments May Prove to Be Just a Localized Storm After All

The Tornado Cash indictments against the co-founders and developers behind the decentralized mixer have raised questions about how the federal government will regulate decentralized trading platforms, but the case may be more focused on allegations of money laundering for North Korea rather than a broader attack on privacy tools.

coindesk.com

Relevant topic timeline:

8/22/2023

Privacy Mixer Tornado Cash Is an Entity, Judge Says

A federal judge ruled that Tornado Cash, a cryptocurrency mixer, was properly designated by the U.S. Treasury Department, marking the second case where the existence of a decentralized autonomous organization (DAO) was used to justify regulatory enforcement action against a crypto entity.

8/23/2023

Tornado Cash Devs Charged With Helping Hackers Launder $1B, Including Infamous North Korean Attacks

Tornado Cash developers Roman Storm and Roman Semenov have been charged with money laundering and sanctions violations, with Storm already being arrested, as the US Department of Justice alleges that over $1 billion in transactions passed through the privacy mixer, including funds for North Korea's Lazarus Group.

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Two founders behind Russian crypto mixer Tornado Cash charged by US federal courts

The founders of Tornado Cash, a Russian cryptocurrency mixing service, have been charged with conspiracy to commit money laundering, sanctions violations, and operating an unlicensed money transmitting business. The charges stem from the platform's involvement in over $1 billion worth of alleged money laundering transactions, including funds stolen by a North Korean cybercrime organization.

8/26/2023

Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20-26

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8/27/2023

US Releases Tornado Cash Founder on Bail After $1,000,000,000 Money Laundering Charge - The Daily Hodl

One of the founders of crypto mixer Tornado Cash, Roman Storm, has been released on bail after being charged with money laundering $1 billion, and his case could have implications for all software developers.

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Posted 8/30/2023, 12:00:00 AM

Tornado Cash Indictments May Prove to Be Just a Localized Storm After All

coindesk.com

Relevant topic timeline:

8/22/2023

Privacy Mixer Tornado Cash Is an Entity, Judge Says

8/23/2023

Tornado Cash Devs Charged With Helping Hackers Launder $1B, Including Infamous North Korean Attacks

8/23/2023

Two founders behind Russian crypto mixer Tornado Cash charged by US federal courts

8/26/2023

Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20-26

8/27/2023

US Releases Tornado Cash Founder on Bail After $1,000,000,000 Money Laundering Charge - The Daily Hodl