Tornado Cash co-founder Roman Storm will stand trial after a U.S. federal judge denied his motion to dismiss the case. On September 26, 2024, Judge Katherine Polk Failla ruled that Storm’s involvement in Tornado Cash extended beyond merely developing software. The platform reportedly laundered over $1 billion, with funds linked
The cryptocurrency community is still reeling from the shock of the Indian crypto exchange WazirX hack that happened on July 18, 2024. With a staggering loss of around $230 million, this incident has become the largest cryptocurrency hack of the year. As the company works towards recovery, WazirX hackers have
The cryptocurrency sector has witnessed an increasing number of scams in the past few months. The recent WazirX hack caught market attention over the loss of its $230 million funds. Amid such various reports, the China-based OKX exchange announced a new measure to prevent hacker activity. Notably, OKX exchange’s CEO
The MetaDragon, a decentralized NFT game platform, has been a victim of a hack resulting in the theft of 321.5 $BNB worth $192K. According to Peckshield, a blockchain security firm, the stolen assets have been transferred to TornadoCash, a privacy-focused mixer. #PeckShieldAlert @MetaDragonDao exploiter -labeled address has already sent 321.5
A Dutch court has sentenced Tornado Cash’s developer, Alexey Pertsev, to 64 months in jail. This decision stems from his role in $1.2 billion worth of money laundering. On May 14, the s-Hertogenbosch court handed down the ruling. The verdict against Tornado Cash’s developer represents a watershed point in the
One of the co-founders of Tornado Cash, a crypto mixing service, Roman Storm, has moved to have the allegations against him dropped. After his arrest and subsequent charges stemming from his role in launching the platform, Storm has offered many legal defenses in an effort to dispel the allegations. Moreover,
Tornado Cash developers Roman Storm and Alexey Pertsev have garnered over $350,000 in legal fees and public support from former NSA whistleblower Edward Snowden. U.S. authorities have charged Roman Storm and Roman Semenov of Tornado Cash with violating sanctions and laundering money. The $600 million Ronin Network assault and North
The cryptocurrency mixer Sinbad was sanctioned by the US Treasury Department’s Office of Foreign Assets Control (OFAC) on charges that it laundered funds for the North Korean hacker organization Lazarus. The OFAC said on November 29 that Sinbad had handled cryptocurrencies valued at millions of dollars from thefts carried out
A federal court yesterday ruled against a motion filed by Coinbase and other crypto industry titans arguing that US Treasury sanctions against crypto mixer Tornado Cash went too far. Six plaintiffs, including two Coinbase personnel, had their motions for summary judgment denied by Judge Robert Pitman of the US District
Binance, the world’s largest crypto exchange, has announced that the exchange has resumed deposits for TORN on the Ethereum and BNB Smart Chain networks. Recently, Tornado Cash (TORN) has witnessed a massive attack. The attacker managed to take full control of the governance through a malicious proposal. Taking control of
