X-Industry

The US Justice Department (DOJ) on 23 August 2023 unsealed an indictment against two founders of the now-sanctioned Tornado Cash cryptocurrency mixer service, charging them with laundering more than $1 billion in criminal proceeds.  Both the individuals, Roman Storm and Roman Semenov, have been charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business.

Storm is said to have been arrested in t

The US Department of Treasury placed sanctions on 08 August 2022 regarding Tornado Cash, a leading "crypto mixer" for transactions in virtual currency that US officials describe as a hub for laundering stolen funds, including by North Korean hackers.   The Treasury Department reported Tornado Cash had been used to transfer at least $96 million of funds stolen in June from crypto exchange service Harmony Bridge and another $7.8 million of the nearly $200 million in cryptocurrency hacked from Noma