{"id":23068,"date":"2023-08-23T23:49:03","date_gmt":"2023-08-23T23:49:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tornado-cash-founders-charged-with-money-laundering\/"},"modified":"2023-08-23T23:49:03","modified_gmt":"2023-08-23T23:49:03","slug":"tornado-cash-founders-charged-with-money-laundering","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tornado-cash-founders-charged-with-money-laundering\/","title":{"rendered":"Tornado Cash founders charged with money laundering"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/80136485_m_normal_none-min_75-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/80136485_m_normal_none-min_75-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/80136485_m_normal_none-min_75-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/80136485_m_normal_none-min_75-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>DOJ has arrested Storm and is on the lookout for Semenov.<\/li>\n<li>Tornado Cash was used in several crypto heists last year.<\/li>\n<li>OFAC had sanctioned Tornado Cash in August of 2022.<\/li>\n<\/ul>\n<p>Co-founders of Tornado Cash \u2013 a fully decentralised crypto mixer based out of Russia \u2013 have been charged with money laundering, as per an <a href=\"https:\/\/www.justice.gov\/usao-sdny\/pr\/tornado-cash-founders-charged-money-laundering-and-sanctions-violations\" target=\"_blank\" rel=\"noopener\">indictment<\/a> unsealed today.<\/p>\n<h2>Tornado Cash laundered money for the Lazarus Group<\/h2>\n<p>Roman Semenov and Roman Storm allegedly laundered over $1.0 billion in total, of which, hundreds of millions of dollars they did for a sanctioned North Korean hacking unit \u2013 the <a href=\"https:\/\/www.trendmicro.com\/vinfo\/pl\/security\/news\/cybercrime-and-digital-threats\/a-look-into-the-lazarus-groups-operations\" target=\"_blank\" rel=\"noopener\">Lazarus Group<\/a>.<\/p>\n<p>The U.S. Department of Justice arrested Storm on Wednesday and is on the lookout for Semenov. According to James Smith \u2013 an Assistant Director of the FBI:<\/p>\n<blockquote>\n<p>We\u2019re treating this like any other fugitive now. We\u2019re working with law enforcement, outside and inside of our agency, trying to locate and arrest this individual.<\/p>\n<\/blockquote>\n<p>Alexey Pertsev \u2013 the third co-founder of Tornado Cash was not included in the aforementioned joint action. He does face trial in the Netherlands, though.<\/p>\n<h2>Tornado Cash was used in multiple crypto heists last year<\/h2>\n<p>Note that OFAC \u2013 the Office of Foreign Assets Control had <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy0916\" target=\"_blank\" rel=\"noopener\">sanctioned<\/a> Tornado Cash last year in August.<\/p>\n<p>On Wednesday, the financial intelligence and enforcement agency also sanctioned Semenov as well as the eight Ethereum addresses allegedly under his control. Damian Williams \u2013 the U.S. Attorney for the Southern District of New York said today:<\/p>\n<blockquote>\n<p>While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov knew they were helping hackers and fraudster conceal the fruits of their crimes.<\/p>\n<\/blockquote>\n<p>According to Elliptic \u2013 a blockchain analytics company, the $100 million that a U.S. startup <a href=\"https:\/\/therecord.media\/fbi-investigating-100-million-theft-from-blockchain-company-harmony\" target=\"_blank\" rel=\"noopener\">Harmony<\/a> lost to theft in June were laundered via Tornado Cash.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tornado-cash-founders-charged-with-money-laundering\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) DOJ has arrested Storm and is on the lookout for Semenov. Tornado Cash was used in several crypto heists last year. OFAC had sanctioned Tornado Cash in August of 2022. Co-founders of Tornado Cash \u2013 a fully decentralised crypto mixer based out of [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":23069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23068"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23068"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23069"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}