Tornado Cash – Page 2

DOJ Counters Tornado Cash Developer Roman Storm’s Defense, Asserting Money Transmitting Operations

April 28, 2024

The US Department of Justice (DOJ) has rejected Tornado Cash developer Roman Storm’s motion to dismiss criminal charges, arguing that the defense’s filing presented disputed facts that should be weighed by a jury rather than being resolved in an early-stage motion. Storm, along with fellow developer Roman Semenov, was charged by the DOJ with conspiracy to commit money laundering, conspiracy to operate an unlicensed…
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DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer

April 28, 2024

In a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The…
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‘Privacy Is Not a Crime’ — Samourai Indictment Provokes Strong Reactions From Crypto Advocates

April 26, 2024

On Wednesday, the U.S. Department of Justice from the Southern District of New York brought charges against the creators of Samourai Wallet for running an unlicensed money transmission service and for engaging in money laundering activities. This development has left the cryptocurrency community in dismay, with many expressing their displeasure over the aggressive measures employed…
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Crypto Advocacy Groups Support Tornado Cash Developer in Legal Battle – Here’s the Latest

April 7, 2024

Crypto advocacy groups have come to the support of Roman Storm, the developer of Tornado Cash, in his ongoing legal battle. Storm, who was arrested in August and charged with three counts related to his role as a co-founder of the Ethereum privacy protocol, recently filed a motion to drop the charges against him. He argued that the government’s…
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Decentralized Protocol OpenLeverage Suffers Multiple Hacks, Losing $230K: Report

April 1, 2024

Permissionless lending and margin trading protocol OpenLeverage has reportedly fallen victim to multiple hacks draining $230K worth assets. The hacks were flagged by blockchain security Cyvers Alerts on X (Twitter). Per the post, the losses incurred is around $230,000 worth crypto and the attacker’s wallet was funded by Tornado Cash. “Our system has detected the…
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Tornado Cash Developer Challenges Charges, Files Motion to Dismiss with Legal Arguments

March 31, 2024

Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, has submitted a motion to dismiss all three charges against him, claiming that he did not operate a money laundering business and did not violate the International Emergency Economic Powers Act. In a filing with the United States District Court for the Southern District of New York on…
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Dutch Prosecutors Reportedly Charge Tornado Cash Developer With Money Laundering

March 21, 2024

Alexey Pertsev, a developer for Tornado Cash, has reportedly been indicted by prosecutors in the Netherlands. They accuse him of laundering $1.2 billion. Pertsev’s attorney confirmed the prosecutors’ intent to charge his client. According to Dutch prosecutors, while a crypto-mixing service is not “inherently illegal,” using it to launder criminal assets is punishable. Dutch Prosecutors…
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Arbitrum Proposal to Fund Tornado Cash Developers Defense Withdrawn

March 12, 2024

A proposal aiming to contribute to funding the legal defense of the developers of Tornado Cash, the Ethereum-based mixing platform, was removed by the Arbitrum community over apparent legal concerns. Devansh Mehta, lead of the working group of the Arbitrum treasury, criticized the move, stating that there was “absolutely nothing wrong with paying for the…
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Axie Infinity Co-Founder Losses Over $10 Million In Hack, AXS Holds Firm

February 23, 2024

Two personal crypto wallets belonging to Jeff “Jihoz” Zirlin, the co-founder of Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, have been compromised, reports on February 23 show. Following this hack, over $10 million worth of various crypto assets were stolen, primarily RON, the native token of Ronin Chain, the Ethereum sidechain designed…
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Tornado Cash Co-Founder Braces for Precedent-Setting Trial in US

January 23, 2024

Roman Storm, facing multiple federal charges related to his role in the creation of Tornado Cash, is bracing for a trial in the United States. Scheduled for September 2024, the trial could have far-reaching implications for the crypto industry and digital privacy laws. Roman Storm Pledges Vigorous Defense in Upcoming U.S. Trial Tornado Cash co-founder…
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