The Hard Truths and Worrying Consequences of the Tornado Cash Verdict

coindesk.com There are hard truths in life, and then there are the things we want to believe. The sentencing of Tornado Cash developer Alexey Pertsev to 64 months in prison in the…

Tornado Cash Developer Alexey Pertsev Sentenced to Five Years and Four Months in Prison by Dutch Court

dailyhodl.com Tornado Cash developer Alexey Pertsev has been sentenced to 64 months in jail for laundering billions of dollars, according to a new Dutch court press release. The…

Tornado Cash Developer Found Guilty of Laundering $1.2 Billion of Crypto

wired.com A panel of judges in the Netherlands has found Alexey Pertsev, one of the developers behind crypto anonymizing tool Tornado Cash, guilty of money laundering. Over the course…

Developing Financial Privacy Tools Was Today Criminalized by the Dutch Court

bitcoinmagazine.com In the Netherlands, open source developers are now liable for how their software is used. Alexey Pertsev, a 31-year old Russian national living in the Netherlands and one of…

Tornado Cash Developer Sentenced to 64 Months for Laundering $1.2B

coinspeaker.com Coinspeaker Tornado Cash Developer Sentenced to 64 Months for Laundering $1.2B The Dutch court has handed down a significant sentence to Alexey Pertsev, one of the…

Tornado Cash Developer Alexey Pertsev Sentenced to Five Years in Prison

tftc.io Alexey Pertsev, the co-founder of the Ethereum-based crypto mixer Tornado Cash, has been sentenced to 64 months in prison by a Dutch court. The panel of judges found Pertsev…

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

cryptoslate.com 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…

Alexey Pertsev found guilty of money laundering, faces 64 months in prison

blockworks.co A Dutch court found Tornado Cash developer Alexey Pertsev guilty on Tuesday, sentencing him to 64 months in prison. Pertsev was accused of laundering $1.2 billion of crypto…

Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison by Dutch Court

coindesk.com Tornado Cash developer Alexey Pertsev has been found guilty of money laundering by a Dutch judge at s-Hertogenbosch court on Tuesday. Pertsev has been given 64 months of…

Poloniex Hacker Transfers $53.5 Million Worth of ETH Through Tornado Cash

cryptopotato.com The movement of stolen cryptocurrency from the Poloniex hack in November 2023 is far from over. Although Poloniex claimed to have identified the attacker weeks later and…

Tornado Cash Developer Alexey Pertsev Convicted of Money Laundering

beincrypto.com Dutch courts have convicted Alexey Pertsev for laundering $1.2 billion through the crypto mixer Tornado Cash. This significant ruling highlights the challenges in regulating…

Tornado Cash Developers To Face 5 Years Jail Over $1.2B Money-Laundering Case

coinpedia.org The post Tornado Cash Developers To Face 5 Years Jail Over $1.2B Money-Laundering Case appeared first on Coinpedia Fintech News A Dutch court has convicted Alexey Pertsev,…

Breaking: Tornado Cash Developer Gets 64 Months In Prison For $1.2B Money Laundering

coingape.com Alexey Pertsev, the developer of Tornado Cash, has been handed a prison sentence of 64 months by a Dutch court. The ruling is in response to his involvement in money…

Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison in the Netherlands

nobsbitcoin.com No Bullshit Bitcoin is funded by our community. A Dutch court convicted 31-year-old Alexey Pertsev of laundering $1.2 billion in cryptocurrency through the Tornado Cash…

Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison

bitcoinmagazine.com Alexey Pertsev, a developer for the Ethereum-based crypto mixer Tornado Cash, has been sentenced to 64 months in prison after a Dutch court found him guilty of money…

Tornado Cash developer guilty of money laundering

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

Tornado Cash Developer Found Guilty of Laundering $1.2 Billion in Illicit Funds

cryptopotato.com Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion in illicit funds using the sanctioned crypto mixer. Pertsev, a 31-year-old Russian…

Developer of Tornado Cash found guilty of money laundering in the Netherlands

coinjournal.net Alexey Pertsev, Tornado Cash developer, found guilty of laundering $1.2B in the Netherlands. Despite Tornado Cash being non-custodial, Pertsev sentenced to over 5 years in…

Tornado Cash Dev Alexey Pertsev Found Guilty by Dutch Court

decrypt.co Alexey Pertsev, a developer of Ethereum mixer Tornado Cash, has been found guilty of money laundering by a Dutch court and given a 64-month prison sentence. A Dutch judge at…

Guilty Verdict: Tornado Cash Developer Alexey Pertsev Found Guilty in Money Laundering Case

cryptonews.com Alexey Pertsev, the developer behind Tornado Cash, has been convicted of money laundering by a Dutch judge at the s-Hertogenbosch court. The trial followed an indictment…

Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B

cryptobriefing.com A Dutch court at ‘s-Hertogenbosch has convicted Alexey Pertsev, a 31-year-old Russian national and developer of the crypto mixing platform Tornado Cash, of laundering $1.2…

BREAKING: Tornado Cash dev Alexey Pertsev found guilty of money laundering by Dutch court

dlnews.com A three-judge Dutch court convicted Tornado Cash developer Alexey Pertsev on Tuesday of laundering $1.2 billion in illicit assets on the crypto mixer’s platform. “Tornado…

US Senators Demand DOJ Rethink Stance on Non-Custodial Crypto Services

beincrypto.com Senators Ron Wyden and Cynthia Lummis have raised serious concerns regarding current crypto regulations in the United States. They target the Department of Justice’s (DOJ)…

Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash

cryptobriefing.com Senators Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) have sent a letter to Attorney General Merrick Garland, questioning the Department of Justice’s (DOJ) “unprecedented…

Senators Lummis and Wyden Challenge DOJ Over Bitcoin Mixer Prosecutions

tftc.io Recent bipartisan concern has arisen over the U.S. Department of Justice's (DOJ) use of money-transmitter laws in prosecuting Bitcoin mixing services. Senators Cynthia…

Hacker Moves 800 Ethereum (ETH) to Tornado Cash

beincrypto.com The Kronos Research hacker has resurfaced the internet after moving 800 Ethereum (ETH), approximately $2.4 million, to Tornado Cash. This action comes at a tense time for…

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

coindesk.com None Two U.S. senators sent a letter to the attorney general making an argument that his Department of Justice is making the wrong legal call as it prosecutes crypto mixing…

Bitcoin hits $63,000

dlnews.com Bitcoin rose almost 3% on Monday, to $63,000, but there’s reason to believe the top cryptocurrency could keep wobbling for a while. Persistent concerns about US monetary…

The $2.3 Billion Tornado Cash Case Is a Pivotal Moment for Crypto Privacy

wired.com In the fall of 2020, as crypto scammers and thieves began to realize the full potential of a financial privacy tool called Tornado Cash—a clever new system capable of…

A Big Warning for Crypto Users: Massive ETH Deposits Into Tornado Cash Traced to Notorious Hacker

coinpedia.org Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its…

Tornado Cash dev Alexey Pertsev’s verdict will change the course of crypto privacy

dlnews.com Of the many legal challenges confronting the crypto industry, the Tornado Cash cases may be the gravest of them all. Many crypto experts say nothing less than the future of…

Marathon Digital reveals plan to double its Bitcoin mining capacity this year

dlnews.com Marathon Digital plans to double capacity Bitcoin miner Marathon Digital said it is revising its 2024 hash rate target from 35-37 EH/s to 50 EH/s, which would represent a…

DoJ claims Tornado Cash indictment is not about ‘free speech’

protos.com The US Department of Justice (DoJ) has explained why Tornado Cash founder Roman Storm’s motion to dismiss his criminal lawsuit has been inefffective. The DoJ reiterated that…

SOTM May 2-8, 2024

5264302.fs1.hubspotusercontent-na1.net Welcome to our 171st issue of State of the Market, where we provide an overview of crypto market activity from May 2 – 8, 2024. The U.S. House of Representatives passes a…

Why Bitcoin mixer Samourai Wallet became the latest target in the US crypto crackdown

dlnews.com Crypto privacy advocates are calling on the industry to rally after the Department of Justice arrested two co-founders of Samourai Wallet, a Bitcoin wallet with a built-in…

US House Proposes Bill to Ban Cryptocurrency Mixers for Two Years

cryptonews.com Democratic representatives have introduced the US Blockchain Integrity Act to tighten regulations in the cryptocurrency sphere. The act aims to crack down on cryptocurrency…

Hackers With $182,000,000 Stolen From Poloniex Starts Moving Funds to Tornado Cash

dailyhodl.com The hacker who looted the crypto exchange Poloniex has started moving Ethereum (ETH) to the mixing service Tornado Cash, according to the digital asset de-anonymizing…

Crypto Scam Update: Stolen $71M WBTC Loot Distributed Among Multiple Wallets

cryptonews.com Stolen crypto funds tied to a recent $71 million wallet impersonation scam have started moving after six days. On May 3, an investor fell victim to a wallet poisoning scam,…

P2P Trading Platform LocalMonero Bids Farewell Amid Regulatory Heat

beincrypto.com LocalMonero, the largest Monero (XMR) peer-to-peer (P2P) trading platform, announced its closure on May 7. This also marked the end of its nearly seven-year run in the…

Monero P2P Trading Platform LocalMonero Closes, Citing ‘Internal and External’ Factors

cryptonews.com LocalMonero, a peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has decided to shut down its services with immediate effect. In a Tuesday…

LocalMonero Shuts Down Amid Privacy Service Decline: XMR Remains Stable

watcher.guru The recent closure of LocalMonero, a platform facilitating peer-to-peer trading of Monero [XMR], has reverberated across the cryptocurrency community. This shutdown…

Crypto Heist Funds On The Move: Poloniex Hacker Transfers $3.4 Million To Tornado Cash

bitcoinist.com Reports unveiled that part of the stolen funds from crypto exchange Poloniex have been moved for the first time. After six months, one of the identified accounts where the…

Poloniex Hacker Reportedly Funnels $3.4 Million through Tornado Cash Mixer

cryptonews.com The notorious Poloniex hacker responsible for last year’s security breach on the cryptocurrency exchange is on the move again. The thief transferred 1,100 Ethereum (ETH),…

Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash

cryptopotato.com The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023 recently transferred over 1,100 Ether (ETH) to sanctioned crypto mixer Tornado Cash. The…

The U.S. Government’s Hypocritical Case Against Tornado Cash

coindesk.com Blockchain transactions are typically public/private transactions. That is, users can shield their identity in transactions by using a coded, unidentified wallet, but all…

Kronos Research Hacker Launders $4M Through Tornado Cash

cryptonews.com The Hacker who exploited Kronos Research for $25 million in November 2023 has moved $4 Million of Ethereum through Tornado Cash, attempting to launder the funds. The…

Poloniex Hacker Transfers Several 1100 ETH to Tornado Cash

coinspeaker.com Coinspeaker Poloniex Hacker Transfers Several 1100 ETH to Tornado Cash The infamous Poloniex hacker, believed to be a North Korea-sponsored cyber attacker, has sent 1100…

Poloniex and Kronos Research Hackers Siphon Off Over $7.3 Million Through Tornado Cash

beincrypto.com Hackers linked to the thefts at Poloniex and Kronos Research have reportedly moved more than $7.3 million into the controversial crypto mixer Tornado Cash. This highlights…

Ethereum Remains The ‘Basket Case’ This Bull Cycle, Will ETH Price Dip Further?

coingape.com remains a central player, it faces mounting challenges in its quest for widespread adoption. Moreover, a recent report by 10x Research suggests that Ethereum is the “basket…

Poloniex Hacker Laundered $308K in Ethereum Through Tornado Cash

coinpedia.org The post Poloniex Hacker Laundered $308K in Ethereum Through Tornado Cash appeared first on Coinpedia Fintech News The Poloniex hacker identified by the address 0x3E…fDFd…

Poloniex Hacker Sends $3.3M Worth of Ether to Tornado Cash

coindesk.com None The hacker sent 11 batches of 100 ether to Tornado Cash over a two-hour period. • None The wallet also sent $32 million worth of bitcoin to an unlabelled wallet last…

Bitcoin Mixers Pull Out of the US Amid Regulatory Heat

decrypt.co Following the arrest of the developers of Samourai Wallet, several other Bitcoin coin mixing operations see the writing on the wall and are leaving the United States for…

Forget CZ and SBF. The game-changing crypto judgment is coming next week

dlnews.com A version of this story appeared in our The Guidance newsletter on May 6. Sign up here. Quick question: is every crypto narrative now a legal story? The industry has long…

Crypto Hacks Down Over 65% in April 2024, But Losses Remain Significant

beincrypto.com In April 2024, the crypto sector witnessed a remarkable reduction in the frequency of hacks, with incidents decreasing by over 65%. However, the financial impact of these…