2 days ago · In August 2023, the U.S. Department of Justice (DOJ) charged Tornado Cash founders Roman Storm and Roman Semenov with money laundering, sanctions violations, and operating an unlicensed money-transmitting business. With Storm’s trial set for April 14, 2025, the outcome of his case could have far-reaching implications for financial privacy and ...

Tornado Cash (also stylized as TornadoCash) is an open source, non-custodial, fully decentralized cryptocurrency tumbler that runs on Ethereum Virtual Machine-compatible networks. It offers a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source ...

Please, do not use Binance wallet addresses for withdrawals. Internal transactions (including Tornado.cash withdrawals) are not supported on Binance Exchange. Accounts associated with Tornado.cash are suspended.

Jan 22, 2025 · The sanctions led to the arrest of Tornado Cash developer Alexey Pertsev, who was found guilty of money laundering by Dutch judges at the s-Hertogenbosch Court of Appeal on May 14, 2024. Pertsev ...

Aug 8, 2022 · WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned virtual currency mixer Tornado Cash, which has been used to launder more than $7 billion worth of virtual currency since its creation in 2019. This includes over $455 million stolen by the Lazarus Group, a Democratic People’s Republic of Korea (DPRK) state-sponsored hacking group ...

Jan 22, 2025 · “It is ordered and adjudged that the judgment of the district court is reversed, and the cause is remanded…,” the ruling states.. Following the ruling, Tornado Cash’s native token, TORN, has climbed past $25, an increase of over 200% by Wednesday morning, according to CoinGecko data.It has since settled to $19.78 at the time of writing.

Nov 26, 2024 · Tornado Cash's native token, TORN, rocketed up by over 500% in the hours following the ruling. U.S. sanctions against Tornado Cash, a service that anonymizes crypto transactions, must be abandoned ...

Jan 3, 2025 · OFAC sanctioned Tornado Cash for its role in laundering virtual currency for malicious cyber actors. Notably, a North Korea-linked hacking group used Tornado Cash to launder the proceeds of cybercrimes. For this reason, OFAC added Tornado Cash to the SDN list and imposed an across-the-board prohibition against any dealings with Tornado Cash ...

Nov 27, 2024 · Two Tornado Cash founders, Roman Semenov and Roman Storm, were separately charged last year with money laundering and sanctions violations by federal prosecutors in New York. (Reporting by Nate ...

May 13, 2024 · Tornado Cash would maintain that stance as, according to Dutch prosecutors, a billion-plus dollars more of stolen funds flowed through the service over the next two years, part of at least $2.3 ...