• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The Netherlands arrest the developer of Tornado Cash

197
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Dutch authorities say they have arrested a developer of Tornado Cash, the Ethereum trading mixer platform that was banned from the United States earlier this week.

The Netherlands arrest the developer of Tornado Cash

According to a recognize published on the afternoon of twelve August, the Dutch Financial Investigation Agency (FIOD) arrested a 29-12 months-outdated resident in the capital Amsterdam on ten August on suspicion of operating for Tornado Cash.

Related articles

MT.  Gox will begin repaying debt in cash later this year

MT. Gox will commence repaying debt in money later on this yr

November 22, 2023
Fnality's “cash tokenization” project has raised $95 million

Fnality’s “cash tokenization” undertaking has raised $95 million

November 15, 2023

The FIOD also unveiled that it has been investigating Tornado Cash given that June 2022 with the suspicion that the platform is favoring dollars laundering by way of cryptocurrencies. Similar to the US, Dutch officials confirmed that Tornado Cash given that its inception in 2019 has laundered up to $ seven billion in dirty dollars and utilised by hacker organizations with back links to North Korea.

The FIOD statement stated that the investigation was nevertheless ongoing and did not reveal the identity of the man or woman arrested. The FIOD also claims that the persons behind Tornado Cash created a great deal of dollars from dollars laundering operations and does not rule out the chance of even further arrests.

My sources declare yes @alex_pertsev

– banteg (@bantg) August 12, 2022

According to a supply from banteg, a very well-regarded figure in the DeFi neighborhood, the aforementioned developer is Alex Pertsev, a Russian citizen. However, it is hard to confirm this facts mainly because the vast majority of Tornado Cash’s advancement workforce is anonymous, with the exception of the founder. Roman Semenov.

As reported by Coinlive, the United States earlier this week positioned Tornado Cash on a sanctions listing for aiding the asset dispersal operations of Lazarus Group, the North Korean hacking organization that attacked Axie Infinity, as very well as quite a few other lousy actors behind the significant hacks in the cryptocurrency market. Wesbite and the project’s Github web page have been eliminated and are at the moment inaccessible, but cryptocurrency end users can nevertheless interact with its intelligent contract.

Many significant cryptocurrency tasks like Circle (USDC stablecoin issuer), RPC suppliers like Infura and Alchemy, dYdX exchange, Oasis.app wallet, and so forth. blocked the addresses of wallets that interacted with Tornado Cash to stay clear of legal hazards.

Here is the listing of Tornado Cash assets that have been banned

– Cash tornado @GitHub organization
– workers @GitHub TC contributor accounts
– almost everything $ USDC on Tornado Cash contracts @circlepay
– @infura_io RPC
– @AlchemyPlatform RPC
– https://t.co/SHvgEjTOMV domain @eth_limo

– 🌪️ Tornado.money 🌪️ (@TornadoCash) August 9, 2022

Circle even froze the USDC contained in Tornado Cash’s wallet, sparking controversy in excess of centralization. Maker’s stablecoin undertaking, DAI, is taking into consideration getting rid of USDC from its side company listing to restrict the threat of money freezing.

Tornado Cash is a trading “mixer” platform that makes it possible for end users to deposit supported ETH or ERC-twenty tokens. The undertaking will then shuffle this ETH and send it back to the consumer, basically erasing the transaction traces of the money pretty much absolutely to improve privacy. This is an open supply and absolutely decentralized undertaking, but it is blocked by law only mainly because it is utilised for lousy functions.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: arrestCashdeveloperNetherlandsTornado
Share79Tweet49

Related Posts

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

BlackRock ETF Leads Bitcoin Inflow with $284 Million

by shark
June 5, 2025
0

Spot Bitcoin ETFs see $87M net inflow, BlackRock's IBIT leads with $284M.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift
  • California Assembly Advances Bill on Dormant Crypto Assets
  • BlackRock ETF Leads Bitcoin Inflow with $284 Million
  • Qubetics Kaspa and Tezos Emerge as the Best Crypto to Buy Now After Policy Shifts Shape 2025 Trends
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7