According to an article, the arrested Tornado Cash developer has a history of ties to the Russian spy organization FSB. An study conducted by the intelligence firm Kharon uncovered that the creator of Tornado Cash, Alexey Pertsev, formerly worked for a company that the United States government blacklisted for its collaboration with the Russian Federal … Read more
Tornado Cash, a cryptocurrency mixer, was hit with sanctions by the Treasury Department earlier this month for allegedly facilitating the laundering of over $7 billion worth of digital crypto assets that were stolen in virtual heists by hackers from North Korea. Following this, on August 10th, the Fiscal Information and Investigation Service (FIOD) made an … Read more
Following the inclusion of Tornado Cash’s cryptocurrency mixing service platform on the sanctions list maintained by the United States Treasury Department, the protocol’s developer, Alex Pertsev, has also been taken into custody by authorities in the Netherlands. A demonstration was held in Amsterdam on Saturday in response to the arrest of Pertsev; approximately fifty people … Read more
Cryptography policy non-profit organization Coin Center made the announcement today that it is getting ready to challenge the ban that the United States government has placed on Tornado Cash in court. The advocacy group, with its headquarters in Washington, District of Columbia, stated on Monday that the Office of Foreign Assets Control (OFAC) of the … Read more