U.S. Government Goes After Ethereum Privacy Tool Founders With Indictment And Arrest

The co-founders of Tornado Cash, a blockchain privacy tool, have been charged by the U.S. for their involvement in creating this software, facing counts of conspiracy to commit money laundering and other charges.

forbes.com

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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.

8/23/2023

Tornado Cash crypto firm founders indicted for allegedly laundering money for North Korean hackers

Two co-founders of cryptocurrency mixer Tornado Cash have been charged with operating a scheme that allegedly laundered hundreds of millions of dollars for North Korean hackers.

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

Tornado Cash co-founders face charges of money laundering and sanctions violations, FTX founder Sam Bankman-Fried struggles in prison, and the identity of a Bitcoin whale holding $3 billion is revealed.

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.

8/27/2023

This Week on Crypto Twitter: XRP Gains Wiped Out, Seychelles Exchanges Ramp Up KYC, Circle Expands - Decrypt

Chinese crypto exchange ByGet has announced that it will strengthen its Know-Your-Client (KYC) policy amidst increasing scrutiny from global regulators, following in the footsteps of other crypto exchanges such as OKX and KuCoin. Additionally, the co-founder of Tornado Cash, Roman Semenov, has been added to the U.S. Department of the Treasury's specially designated nationals list.

8/30/2023

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.

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Posted 8/25/2023, 12:07:06 AM

U.S. Government Goes After Ethereum Privacy Tool Founders With Indictment And Arrest

forbes.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

Tornado Cash crypto firm founders indicted for allegedly laundering money for North Korean hackers

Two co-founders of cryptocurrency mixer Tornado Cash have been charged with operating a scheme that allegedly laundered hundreds of millions of dollars for North Korean hackers.

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

8/27/2023

This Week on Crypto Twitter: XRP Gains Wiped Out, Seychelles Exchanges Ramp Up KYC, Circle Expands - Decrypt

8/30/2023

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