Tornado Cash

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 Coin Desk's global policy and regulation managing editor Nikhilesh [...]

By CoinDesk Staff

Aug 24, 2023 at 3:00 p.m. UTC

Aug 24, 2023

cdtvFM ClipTornado CashLazarus groupRoman semenovRoman storm

Tornado Cash co-founder Roman Semenov (Roman Semenov)

Policy

Regulations

Tornado Cash Devs Charged With Helping Hackers Launder $1B, Including Infamous North Korean Attacks

Both Roman Semenov and Roman Storm were charged; Storm was arrested.

By Nikhilesh De

Aug 23, 2023 at 4:42 p.m. UTC

Aug 23, 2023

RegulationsTornado Cash

Policy

Regulations

Privacy Mixer Tornado Cash Is an Entity, Judge Says

We have yet another court ruling finding a decentralized autonomous organization is an association.

By Nikhilesh De

Aug 22, 2023 at 3:30 p.m. UTC

Aug 22, 2023

RegulationsNewslettersState of CryptoTornado Cash

Video

Coinbase

Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority

A group of crypto investors and developers lost a lawsuit funded by Coinbase that sought to argue the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service designed to make crypto transactions anonymous. "The Hash" panel weighs in on the latest developments for Tornado Cash.

By CoinDesk Staff

Aug 18, 2023 at 5:51 p.m. UTC

Aug 18, 2023

CoinbasecdtvHash clipTornado Cash

Preston Van Loon, Prysmatic Labs at C22 (Scott Moore/Shutterstock/CoinDesk)

Policy

Regulations

Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority

The group of developers and investors sued the Treasury Department last year.

By Nikhilesh De

Aug 17, 2023 at 8:21 p.m. UTC

Aug 17, 2023

RegulationsTornado CashCoinbaseMixersOFACUS Treasury Department

Policy

Blockchain association

Blockchain Association Files Amicus Brief in Coin Center Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions

In a statement, the trade group’s CEO Kristin Smith, said that regulatory actions should only target bad actors and not punish the crypto mixing tool.

By James Rubin

Jun 2, 2023 at 6:11 p.m. UTC

Jun 2, 2023

Blockchain AssociationKristin SmithTornado CashU.S. Treasury

Policy

Tornado cash

Lawyers Challenging U.S. Tornado Cash Sanctions Say Free Speech Is at Stake

Open source software isn’t property, and current sanctions laws are ill-equipped to handle this, lawyers argue.

By Sam Reynolds

May 25, 2023 at 8:18 a.m. UTC

May 25, 2023

Tornado CashSanctionsU.S.

A illustrative example of a Tornado. (NOAA)

Technology

Defi

Tornado Cash DAO Attacker Starts to Move Ether, TORN Tokens

The attacker holds over 20 ether in their wallet, and continues to have access to potentially all of Tornado Cash’s treasury funds as of Thursday.

By Shaurya Malwa

May 25, 2023 at 7:05 a.m. UTC

May 25, 2023

DeFiHacksTornado CashToken GovernanceOn-chain Data

Video

Chainalysis

Tornado Cash Developer Facing Dutch Charges to Question Chainalysis Data

Tornado Cash developer Alexey Pertsev will be allowed to cross question blockchain analytics company Chainalysis as he seeks to clear his name of money laundering charges according to the rulings of a Dutch court Coin Desk Managing Editor of Global Policy and Regulation Nikhilesh De discusses what to expect from Pertsev's case and his upcoming [...]

By CoinDesk Staff

May 24, 2023 at 2:31 p.m. UTC

May 24, 2023

ChainalysisNikhilesh DecdtvFM ClipTornado CashNik DeAlexey Pertsev

Courthouse in ‘S Hertogenbosch, Netherlands, where Alexey Pertsev was tried (Jack Schickler/CoinDesk)

Policy

Regulations

Tornado Cash Dev Facing Dutch Charges to Question Chainalysis Data Alleging Criminal Links

Lawyers for the privacy protocol developer facing money laundering charges in the Netherlands have disputed the evidence purporting to prove links to criminal money.

By Jack Schickler

May 24, 2023 at 11:42 a.m. UTC

May 24, 2023

RegulationsTornado CashTornAlexey PertsevThe Netherlands