September 25, 2022

Alleged developer of Tornado Cash arrested in the Netherlands

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Alleged developer of Tornado Cash arrested in the Netherlands

Dutch police arrest allegeddeveloper of Tornado Cash mixer. The investigation is being conducted by the State Attorney's Office for Fraud, Environmental Crime and Asset Forfeiture.

Dutch police (FIOD) arrested in AmsterdamA 29-year-old man who is suspected of developing the ETH Tornado Cash mixing service, as well as being involved in hiding criminal financial flows and facilitating money laundering. The prosecutor's office does not exclude that, as a result of operational and investigative measures, multiple arrests of accomplices in criminal activity will take place.

In June, the FIOD Financial Advanced Cyber ​​Team(FACT) launched a criminal investigation into Tornado Cash. FACT suspects that the service was regularly used by criminal groups, including those associated with North Korea. They used the service to cover up large-scale criminal money flows and steal at least $1 billion worth of cryptocurrencies.

The US Department of the Treasury has contributed Tornado Cash tosanctions list. After that, the account of one of the co-founders of the service on GitHub was blocked, and the dYdX exchange suspended service for Tornado Cash users.