3 / 6 Relevant items tagged with #TornadoCash

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Samourai Wallet shutdown: Implications for other privacy and self-custody tools

[Jun 14, 2024 8:45 AM] The seizure of the Samourai Wallet website and the indictment of its founders might have implications for other privacy-preserving self-custodial tools.

Tornado Cash sentence 'radically unfair and unreasonable' — Nym CEO

[May 30, 2024 3:27 PM] CEO Harry Halpin pointed to history and used Nazi Germany as an example of why digital privacy must be protected in the 21st century.

Vitalik Buterin wallet contributes 30 ETH to Tornado Cash legal fund

[May 30, 2024 1:55 AM] 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.

BNB Chain faces $80K Bitcoin exploit. White hat hacker or ongoing exploit?

[May 28, 2024 4:50 AM] Certain on-chain signs point to a potential white hat, or ethical hacker, looking for blockchain vulnerabilities.

Early Crypto Adopter: Unmatched Privacy of ZK Proofs Outweighs the Technology’s Perceived Disadvantages

[May 21, 2024 9:19 PM] Although zero-knowledge (ZK) proofs are often considered complex to set up, Iva Wisher, co-founder of the Layer two platform Prom, argues that the technology’s unparalleled privacy, faster transaction finality, and overall efficiency outweigh any…

Freedom of speech isn’t a ‘trump card’ for Tornado Cash developers

[May 21, 2024 7:44 AM] Does code as freedom of speech mean that developers aren’t responsible for how their creations are used?

Tornado Cash verdict has chilling implications for crypto industry

[May 19, 2024 8:58 AM] The conviction of Tornado Cash developer Alexey Pertsev reinforces a very broad interpretation of criminal liability, which has major repercussions for blockchain.

Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined

[May 17, 2024 1:25 PM] The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

Crypto Community Voices Outrage at Tornado Cash Developer Verdict

[May 16, 2024 9:26 AM] Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering.

Tornado Cash Developer Alexey Pertsev Appeals Guilty Verdict

[May 16, 2024 2:48 AM] Pertsev was found guilty of money laundering on Tuesday by a Dutch judge.

North Korea used Tornado Cash to siphon HTX’s $147.5M loot: UN

[May 15, 2024 6:27 AM] A UN report reveals North Korean hackers laundered $150 million in stolen crypto assets through Tornado Cash in March 2024.

$20M exploit cripples Sonne Finance, hacker in no mood for negotiation

[May 15, 2024 1:36 AM] Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. Efforts to recover the funds are ongoing.

The Hard Truths and Worrying Consequences of the Tornado Cash Verdict

[May 14, 2024 2:31 PM]

Developing Financial Privacy Tools Was Today Criminalized by the Dutch Court

[May 14, 2024 11:27 AM] In the Netherlands, open source developers are now liable for how their software is used.Alexey Pertsev, a 31-year old Russian national living in the Netherlands and one of the developers of the Ethereum-based privacy tool Tornado Cash, was today…

Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months for Money Laundering

[May 14, 2024 8:30 AM] A Dutch court has sentenced Tornado Cash developer Alexey Pertsev to five years and four months in prison for laundering $2.2 billion through the cryptocurrency mixing service. The case represents a pivotal moment for decentralized finance (defi)…

Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison

[May 14, 2024 6:47 AM] Alexey Pertsev, a developer for the Ethereum-based crypto mixer Tornado Cash, has been sentenced to 64 months in prison after a Dutch court found him guilty of money laundering charges on Tuesday.The judge stated that the platform was "intended for…

Tornado Cash developer guilty of money laundering

[May 14, 2024 5:57 AM] Pertsev has been under arrest in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court

[May 14, 2024 5:34 AM] Alexey Pertsev was found guilty of money laundering $1.2 billion worth of crypto.

Stolen Poloniex Ether worth $53M never made it back to the exchange

[May 14, 2024 2:02 AM] The Poloniex hacker moved over 17,800 Ether from six different wallets into a single Tornado Cash address.

Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges

[May 13, 2024 1:29 PM] 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.

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

[May 13, 2024 11:32 AM] 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…

WBTC thief spreads $71M loot across multiple crypto wallets

[May 8, 2024 2:07 AM] Stolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy.

Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering

[May 7, 2024 11:23 AM] Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers.

The U.S. Government’s Hypocritical Case Against Tornado Cash

[May 7, 2024 11:06 AM] 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.

Kronos Research hacker shifts funds to Tornado Cash

[May 7, 2024 1:50 AM] Kronos Research was exploited for $25 million in November 2023, with one of the six wallets linked to the hacker moving funds to Tornado Cash on May 7.

Poloniex Hacker Sends $3.3M Worth of Ether to Tornado Cash

[May 6, 2024 11:51 PM] A hacker that stole $125 million from Poloniex's hot wallets has sent 1,100 ether {{ETH}} to sanctioned coin mixer Tornado Cash, according to blockchain data.

US senators, FBI aren’t opposed to crypto privacy: Railgun contributor

[May 2, 2024 8:58 PM] Ethereum privacy protocol Railgun contributor Alan Scott Jr. says U.S. regulators and government agencies don’t get enough credit for genuinely “trying to understand” crypto.

Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet Cases

[Apr 30, 2024 1:35 PM] The recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from…

Distilling the Tornado Cash and Samourai Suits

[Apr 30, 2024 10:00 AM] 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…

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

[Apr 28, 2024 9:38 PM] Since the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the cryptocurrency community regarding specific aspects of the court…