Tornado Cash

Tornado Cash co-founder Roman Storm pleaded not guilty back in September to charges of conspiring to operate a money transmitter or facilitate money laundering and sanctions evasion. CoinDesk managing editor for global policy and regulation Nikhilesh De breaks down what's likely next for Storm, as he is set to go on trial in September 2024.

20 de dez. de 2023

CoinDesk managing editor for global policy and regulation Nikhilesh De shares an update on legal developments for Tornado Cash developer Roman Storm, after he pleaded not guilty to charges of conspiring to operate a money transmitter or facilitate money laundering and sanctions evasion. Prosecutors allege that he helped bad actors launder over $1 billion in stolen crypto through their work building Tornado Cash.

20 de dez. de 2023

Overall usage of crypto mixer Tornado Cash dropped 90% following U.S. sanctions, a new report from blockchain analytics firm TRM Labs shows. The U.S. Department of Justice has alleged the service was used to launder more than $1 billion in illicit funds, including by North Korean hacker group Lazarus. Jennifer Sanasie presents "The Chart of the Day."

12 de out. de 2023

A new paper from Ethereum’s co-founder and four co-authors including Illum proposes a solution to Tornado Cash’s inability to separate the activity of bad actors from good ones.

14 de set. de 2023

Por Laura Shin8 de set. de 2023

The crypto industry is grappling with Tornado Cash developers Roman Storm and Roman Semenov being charged with money laundering and sanctions violations. FalconX deputy general counsel Purvi Maniar says "it's very disappointing to see allegations that the benefits of the technology are being used in a negative way to violate U.S. law."

25 de ago. de 2023

Tornado Cash developers Roman Storm and Roman Semenov were charged with money laundering and sanctions violations earlier this week. FalconX deputy general counsel Purvi Maniar shares her reaction, explaining why it's "very disappointing to see allegations that the benefits of the technology are being used in a negative way to violate U.S. law." Plus, insights into FTX's bankruptcy case and the future of crypto regulation.

25 de ago. de 2023

The Department of Justice alleged that two Tornado Cash developers, Roman Storm and Roman Semenov, have laundered "more than $1 billion" with the crypto privacy mixer, including "hundreds of millions" for North Korea's Lazarus Group. "The Hash" panel discusses the indictment and what it could mean for the future of decentralized finance.

24 de ago. de 2023

Tully & Weiss criminal defense attorney Joseph Tully weighs in on Tornado Cash developers Roman Storm and Roman Semenov facing allegations of money laundering and sanctions violations. "This is sort of along the same lines of law that we've seen starting with Napster, BitTorrent...even Silk Road, where developers are being charged not for things that they did, but because they opened the door, so to speak, for illegal activity," Tully said.

24 de ago. de 2023

Tornado Cash developers Roman Storm and Roman Semenov were charged with violating sanctions and helping exploiters launder more than $1 billion, including "hundreds of millions" for North Korea's Lazarus Group, according to a statement from the U.S. Attorney's Office of Southern District of New York. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses what the legal developments could mean for the future of crypto privacy mixers.

24 de ago. de 2023