Nonfungible tokens and Ether worth millions were stolen on March 16 from the Remilia DAO and transferred to an unknown wallet address.
The seizure of the Samourai Wallet website and the indictment of its founders might have implications for other privacy-preserving self-custodial tools.
Cryptocurrency investors are in a tizzy after dormant funds from the December Orbit Chain heist were spotted tumbling through Tornado Cash, a notorious blockchain anonymizer. The hack, which pilfered a staggering $48 million (now ballooned to $121 million due to market fluctuations), had gone quiet for months, leading many to believe the ill-gotten gains were […]
Ethereum co-founder Vitalik Buterin donated 30 ETH, approximately $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm. Etherscan data shows that Buterin donated to the “Free Pertsev and Storm” defense fund on the decentralized fundraising platform Juicebox early today, May 30. The fund had raised 591 ETH worth $2.2 […]
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The fund had raised about 591 ETH at the time of this publication and will support the legal defense of Tornado Cash developers in their court battle to prove their innocence.
The conviction of Tornado Cash developer Alexey Pertsev reinforces a very broad interpretation of criminal liability, which has major repercussions for blockchain.
Alexey Pertsev, the developer behind the controversial cryptocurrency mixing service Tornado Cash, is challenging his recent conviction for money laundering in a Dutch court. The case has ignited a firestorm of debate within the crypto community, raising questions about developer responsibility and the future of open-source software. Related Reading: Ethereum ETF Dreams Dashed? Analyst Says […]
Pertsev was found guilty of money laundering on Tuesday by a Dutch judge.
Once more, North Korea has demonstrated its cyber prowess, possibly undermining international sanctions by using cryptocurrencies. According to a recent assessment by UN sanctions monitors, North Korea is suspected of using the Tornado Cash platform to launder a whopping $148 million that was taken from a cryptocurrency exchange in March. This event highlights how difficult […]
The Oost-Brabant district court in the Netherlands has sentenced Alexey Pertsev, co-developer of Tornado Cash, to 64 months in prison for his involvement in creating and maintaining the crypto mixing tool. The court alleges that Tornado Cash enables “criminal activity and terrorism.” Pertsev, along with two other individuals, developed Tornado Cash, a tool for concealing […]
If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said.
Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General Merrick Garland, Senators Cynthia Lummis and Ron Wyden argued that the DOJ’s broad interpretation could criminalize non-custodial crypto asset software services. According to the lawmakers: “The DOJ’s unprecedented […]
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A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses.
US lawmakers have proposed a new bill that aims to temporarily prevent financial institutions from engaging in transactions involving funds that have been through crypto mixers. Congressman Sean Casten (IL-06) introduced the bill on May 7 and received support from Representatives Bill Foster, Brad Sherman, and Emmanuel Cleaver. Blockchain Integrity Act The proposed legislation, dubbed […]
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You would think the government would be against an online privacy service facilitating money laundering. But it actually created one of the best, says attorney Alexandra Damsker.
There was a lot of news last week, but maybe the biggest news came Wednesday when the U.S. Department of Justice arrested two co-founders of Samourai Wallet, a bitcoin wallet that offered mixing services. The arrest ramps up the federal government's efforts to tamp down on what it sees as money laundering enabled by privacy tools, and sets up a continuation of that broader conversation on where the right to transact in privacy fits within national security interests.
The arrest of the founders of Samourai Wallet led to widespread concerns in the crypto community that the U.S. government was attempting to crack down on the industry
In a rapidly developing case, three cryptocurrency advocacy groups have filed amicus briefs in support of Tornado Cash developer Roman Storm, who has been indicted for his role in the creation and operation of the prominent crypto mixer platform. Storm, who has since been apprehended by US authorities, had earlier filed for a motion to […]
The Blockchain Association, Coin Center and DeFi Education Fund supported a motion for the U.S. government to dismiss charges against Roman Storm.
The co-founder of Tornado Cash, Roman Storm, has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ), Southern District of New York. In a petition submitted on March 29, Storm’s lawyers have laid out several arguments to secure the freedom of the client, including invoking the First […]
In its largest transaction, the HECO Chain exploiter sent 11,300 ETH — over $39.5 million — in one go.
The funds were taken from a crypto whale in 2023 when the holder signed transactions that allowed the attacker to access the funds.
In a trial set to commence on March 26 in the Dutch city of Hertogenbosch, Alexey Pertsev, the prominent developer behind Tornado Cash, finds himself at the center of a legal storm as he faces money laundering charges. The allegations, revealed in a three-page indictment obtained by DL News, accuse Pertsev of laundering over $1.2 […]
Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}.
Edward Snowden has backed a legal defense campaign for Roman Storm and Alexey Pertsev, coders behind the mixing service. They deserve the support of the crypto community, which has fundamental rights at stake in the case.