Tornado Cash

Alexey Pertsev, the creator of Tornado Cash, has been convicted of laundering $1.2B and sentenced to 64 months in jail, signalling potentially far-reaching consequences for developers working on open-source code projects.

Poloniex hack: Attacker moves $53.5 million ETH through Tornado Cash. Funds remain untraceable. TRON founder pledges compensation. Recovery efforts ongoing amid challenges.

DOJ refutes Tornado Cash co-founders' claims, asserting involvement beyond coding, alleging profit from illicit activities, and emphasizing conspiracy charges.

Allegations suggest that the crypto mixer was involved in processing $2 billion worth of illicit transactions and enabling money laundering activities totalling $100 million.

Coinbase Challenges U.S. Treasury Over Tornado Cash Case: Chief legal officer criticizes government's handling, argues code isn't property. Coinbase's stance highlights broader implications for crypto industry, emphasizing privacy and security concerns amid legal battles.

Roman Storm, co-founder of Tornado Cash, defends against money laundering charges, citing the platform's pre-sanction establishment and user-controlled nature. The crypto community debates mixer legality amidst broader regulatory challenges.

Support for Tornado Cash developer Roman Storm mounts as cryptocurrency advocacy groups challenge DOJ charges. Blockchain Association questions money-transmitting classification, DeFi Education Fund challenges IEEPA interpretation, and Coin Center defends tool creators' liability. Legal battle sparks broader debate on regulatory impact on crypto innovation.

Tornado Cash’s co-founder, Roman Storm, is challenging accusations made by US authorities, asserting that the service is not intended for facilitating money laundering.

Developer Alexey Pertsev faces trial in the Netherlands from March 26, accused of aiding $1.2 billion in money laundering through Tornado Cash. Defense questions indictment specifics. Trial's outcome could impact crypto development landscape and legal responsibilities.