Tornado Cash Developers Charged with Money Laundering and Sanctions Violations by US Govt
- "The charges in the Indictment arise from the defendants’ alleged creation, operation, and promotion of Tornado Cash, a cryptocurrency mixer that facilitated more than $1 billion in money laundering transactions and laundered hundreds of millions of dollars for the Lazarus Group, the sanctioned North Korean cybercrime organization," DOJ stated.
- According to the indictment, Storm and Semenov designed Tornado Cash with various privacy features despite knowing that their service would be used for illicit purposes.
