North Korea used Tornado Cash to siphon HTXs $147.5M loot: UN

A UN report reveals North Korean hackers laundered $150 million in stolen crypto assets through Tornado Cash in March 2024.

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Developing Financial Privacy Tools Was Today Criminalized by the Dutch Court

A breakdown of today's ruling in the Alexey Pertsev, Tornado Cash developer, case in the Netherlands and the implications this will have for open source developers going forward.

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Crypto community outraged as court jails Tornado Cash developer for over five years

A Dutch court has sentenced Alexey Pertsev, a developer involved with Tornado Cash, to 64 months in prison. He was convicted of laundering $1.2 billion in crypto through the Tornado Cash mixer between July 9, 2019, and August 10, 2022. Pertsev’s legal team has a 14-day window to appeal the court’s decision. This verdict follows […]

The post Crypto community outraged as court jails Tornado Cash developer for over five years appeared first on CryptoSlate.

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Tornado Cash developer guilty of money laundering

Pertsev has been under arrest in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

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Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions

The government of Russia is preparing to regulate the establishment and action of crypto exchanges, abandoning its earlier proposal of the creation of a unique national platform. Anatoly Aksakov, head of the Russian State Duma Financial Markets Committee, stated that crypto exchanges could help Russia to bypass sanctions by using crypto to settle international payments.

The post Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions appeared first on BTC Ethereum Crypto Currency Blog.

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Russia Involved in De-Dollarization Talks With the Islamic World to Create Independent Financial System

Russia and the Islamic world are currently discussing how to deepen the de-dollarization agenda to create a new financial system. According to statements from Russian Deputy Prime Minister Alexey Overchuk, these topics are inscribed in broader deglobalization talks, and the Russian government is invested in developing these issues with Islamic countries. Russia Talks De-Dollarization With [...]

The post Russia Involved in De-Dollarization Talks With the Islamic World to Create Independent Financial System appeared first on Crypto Breaking News.

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TORN Price Remains Bullish Despite Continued Tornado Cash Developer Detention

TORN price maintained its bullish rating on Thursday even after news broke out that the developer of Tornado Cash blockchain who was arrested in August [...]

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Toranado Cash Dev Alexey Pertsev May Have Ties to Russian FSB

Alexey Pertsev, a developer arrested for his work on Tornado Cash, may have past ties to the Russian Federation’s central intelligence apparatus. Pertsev Worked for Russian Security Firm Alexey Pertsev...

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Tornado Cash Dev Alexey Pertsev May Have Ties to Russian FSB

Alexey Pertsev, a developer arrested for his work on Tornado Cash, may have past ties to the Russian Federation’s central intelligence apparatus. Pertsev Worked for Russian Security Firm Alexey Pertsev...

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Tornado Cash Dev to Spend Another 90 Days in Jail, Judge Rules

Dutch law enforcement arrested Pertsev in Amsterdam on August 10. Judge Denies Bail for Tornado Cash’s Pertsev Alexey Pertsev, the developer who was arrested for publishing open-source code for the...

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U.S. Congressman Requests an Explanation on Tornado Cash Sanctions

The groundbreaking case of sanctioning a technology left many with more questions than answers.

Continue reading U.S. Congressman Requests an Explanation on Tornado Cash Sanctions at DailyCoin.com.

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Tornado Cash creator Alexey Pertsev released from prison custody

The founder of Tornado Cash, Alexey Pertsev, has been released from prison. This news comes as a relief to the cryptocurrency community, as Pertsev’s arrest had sparked concerns about the future of the privacy-focused project. Pertsev’s release is a positive development for Tornado Cash, a decentralized protocol that allows users to make private transactions on [...]

The post Tornado Cash creator Alexey Pertsev released from prison custody appeared first on Crypto Breaking News.

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Alexey Pertsev to Be Released from Prison Today With an Electronic Monitor

With Pertsev now under electronic monitoring, his appeal could set a precedent for how courts treat privacy-focused crypto developers.

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Tornado Cash Developer Alexey Pertsevs Bail a Vital Move for Ensuring Fair Trial, Defense Claims

The founder of Tornado Cash, Alexey Pertsev, recently defended his bail. Tornado Cash is a popular decentralized cryptocurrency platform that prioritizes user privacy and security. Pertsev emphasized the importance of anonymity in transactions and explained how Tornado Cash is designed to protect users’ identities and assets. During the bail hearing, Pertsev highlighted the significant role [...]

The post Tornado Cash Developer Alexey Pertsev’s Bail a Vital Move for Ensuring Fair Trial, Defense Claims appeared first on Crypto Breaking News.

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Tornado Cash Developer, Alexey Pertsev, Released from Prison

After a period of incarceration, Alexey Pertsev, the founder of Tornado Cash, has been released from prison. This news comes as a relief to many within the crypto community who have been closely following his case. Pertsev’s time behind bars has been a difficult and challenging experience, but he is now looking forward to getting [...]

The post Tornado Cash Developer, Alexey Pertsev, Released from Prison appeared first on Crypto Breaking News.

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Dutch Court suspends the pretrial detention of Tornado Cash dev Alexey Pertsev

Alexey Pertsev has been freed under electronic watch Pertsev was sentenced to five years and four months in prison for money laundering The developer has been in jail since 2022 Tornado Cash developer Alexey Pertsev has been released from custody following a ruling that favored electronic surveillance over continued pretrial detention. Pertsev, who was released […]

The post Dutch Court suspends the pretrial detention of Tornado Cash dev Alexey Pertsev appeared first on CoinJournal.

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Court prolongs Tornado Cash developer Pertsevs pre-trial detention

The court decision raises alarming legal concerns for the developers of privacy-preserving blockchain protocols.

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US Justice Department charges two men in Mt. Gox hack

The Justice Department claims Alexey Bilyuchenko and Aleksandr Verner took control of a Mt. Gox server and stole 647,000 Bitcoin from the exchange.

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Two Russians Charged for Infiltrating Mt Gox and Operating Illicit Crypto Exchange, BTC-e

In a statement issued on Friday, the U.S. Department of Justice (DOJ) revealed that two Russian individuals have been accused of infiltrating a cryptocurrency exchange and running an unlawful exchange. Reportedly, the pair gained unauthorized access to Mt Gox’s servers from 2011 to 2014 and purportedly pilfered 647,000 bitcoins from the now-dissolved exchange. Russian Duo [...]

The post Two Russians Charged for Infiltrating Mt Gox and Operating Illicit Crypto Exchange, BTC-e appeared first on Crypto Breaking News.

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Coinbase supports new court action to remove Tornado Cash ban

The United States Treasury faces a renewed legal challenge that aims to overturn the decision to sanction the crypto mixer Tornado Cash from six individuals backed by cryptocurrency exchange Coinbase. A motion for a partial summary judgment was filed on April 5 in a Texas District Court, the Coinbase-backed plaintiffs moved for the U.S. Office [...]

The post Coinbase supports new court action to remove Tornado Cash ban appeared first on Crypto Breaking News.

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