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In August 2022, the US Treasury Department’s Office of Foreign Asset Control (OFAC) imposed sanctions on Tornado Cash, prohibiting its usage for US citizens, residents, and companies. But this has…
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…
Tornado Cash developer Alexey Pertsev has been accused of laundering $1.2 billion of illicit funds through the OFAC-sanctioned platform, as per the latest report. Since his arrest in August 2022,…
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.…
Following sanctions in August 2022 for laundering over $455 million in stolen crypto assets by the Lazarus Group, controversial coin mixer Tornado Cash faced a major setback. Despite OFAC’s delisting…
Deposits made to Tornado Cash using IPFS gateways through IPFS gateways like – ipfs.io, cf-ipfs.com, and eth.link – may have been compromised, potentially exposing users’ deposited funds to risk, according…
Tornado Cash developers have issued a scam warning to cryptocurrency users who made deposits via the IPFS’ gateways between Jan. 1 and Feb. 24. Developers suspect that an exploiter may…
After sanctions were imposed on Tornado Cash and Sinbad was shut down following similar actions against the platform, Chainalysis revealed that YoMix, a Bitcoin mixer, has stepped in as an…
A legal fund supporting the defense of Tornado Cash developers Roman Storm and Alexey Pertsev has amassed over $350,000 in contributions and gained public backing from Edward Snowden, the former…
In 2022, North Korean hackers swiped crypto worth ten times more than the country earned from exports in 2021, according to US cybersecurity firm Recorded Future.