Tornado Cash

Sen. Cynthia Lummis (R-Wyo.) and Sen. Ron Wyden (D-OR) put forth a bipartisan bill on Monday with the intent to shield blockchain developers from being categorized as money transmitters under federal law. ‘Stop Treating Software Developers Like Banks’...

The Justice Department has decided to ease its approach towards developers who create decentralized platforms for sending cryptocurrencies without criminal intent, a key official said Thursday. Developers Of ‘Neutral Tools’ Not Liable For Third-Party Abuse During a speech at...

In a big legal win for the cryptocurrency industry, a U.S. appeals court has overturned sanctions imposed by the Treasury Department on popular cryptocurrency mixer, Tornado Cash, causing the price of the associated coin to zoom 430%. What Happened: A three-judge panel from the Fifth Circuit...

Edward Snowden has slammed the U.S. Department of Justice’s recent actions against app developers, advocating for financial privacy in a recent social media post. What Happened: On Tuesday, Snowden took to X, formerly Twitter, to express his disapproval of the Department of Justice’s...

In defiance of U.S. sanctions, North Korean hackers have reportedly laundered $13 million worth of ether (CRYPTO: ETH) through a sanctioned cryptocurrency mixer, Tornado Cash. What Happened: The Lazarus Group, a North Korean cybercrime organization, used Tornado Cash to launder...

Edward Snowden, the former CIA contractor turned whistleblower, has publicly endorsed a legal defense fund for Roman Storm, co-founder of the embattled cryptocurrency mixing service Tornado Cash.  What Happened: In an X post on Tuesday, Snowden encouraged his followers to contribute to Storm...

U.S. Presidential candidate Vivek Ramaswamy on Monday argued that the Treasury Department overstepped its jurisdiction when it sanctioned the crypto mixer Tornado Cash. What Happened: Republican contenders Asa Hutchinson and Ramaswamy joined Democrat Dean Phillips in a discussion about the future...

As the blockchain and cryptocurrency sectors continue to evolve, the regulatory landscape for privacy-focused platforms remains uncertain. William Wendt, Ecosystem Growth Manager at Oasis, on Monday, shed light on the challenges and proactive measures industry leaders are taking to navigate...

With criminals constantly adapting their tactics to stay ahead of law enforcement, a new report highlighted a significant shift in the methods used by bad actors to launder illicit crypto assets. The study, by crypto analytics firm Elliptic, revealed the value of illicit crypto...

The founders of Tornado Cash, Roman Storm and Roman Semenov, have been indicted for allegedly operating a cryptocurrency mixer that laundered more than $1 billion, including funds from the notorious North Korean cybercrime group, Lazarus Group. U.S. Attorney Damian Williams said that Tornado...

Tornado Cash, a service that enables users to obfuscate cryptocurrency transactions, fell prey to a hostile takeover by hackers through a malicious governance proposal. What Happened: Security researcher Samczsun from Paradigm, a crypto investment firm, on Sunday revealed that the attacker...

Alexey Pertsev, a Tornado Cash developer, has been granted temporary release by a court in the Netherlands. He was arrested in Amsterdam on Aug. 10, 2022, over allegations of facilitating money laundering. Pertsev, who has been denied release in the past due to the risk of him fleeing or tampering...

About $16.7 billion in cryptocurrencies was stolen between January 2011 and February 2023, highlighting growing illegal activity in the cryptocurrency and DeFi markets, according to a report. DeFi Hacks On The Rise The study conducted by Crystal Blockchain, which covered ...

Sanctions on Tornado Cash, a decentralized mixing service on the Ethereum (CRYPTO: ETH) blockchain, by the United States Office of Foreign Assets Control (OFAC) had a significant impact on the platform, with inflows to the service falling by 68% in the 30 days following its...

Non-fungible token (NFT) marketplace OpenSea has started to delist Cuban artists and users in order to comply with U.S. sanctions. "Our terms of service explicitly prohibit sanctioned individuals, individuals in sanctioned jurisdictions, or services from using OpenSea," a spokesperson for...