Tornado Cash developers charged with money laundering in US
Founders of crypto mixer Tornado Cash, Roman Storm and Roman Semenov, are indicted on charges including money laundering, potentially facing 20 years in prison. In the Aug. 23 press release, Roman Storm and Roman Semenov, the developers behind Tornado Cash, have been accused of processing hundreds of millions of dollars for North Korea’s Lazarus Group, a hacking entity subjected to sanctions. You might also like: Lazarus Group may be responsible for Harmony Bridge hack The charge s stem from their purported establishment, management, and promotion of Tornado Cash, a cryptocurrency mixer reportedly enabling over $1 billion in money laundering transactions. Both Storm and Semenov are being held with a single charge each of conspiring to engage in money laundering and conspiring to breach the International Economic Emergency Powers Act. If these charge s end in convictions, Strom and Semenov will have a prison sentence of up to 20 years. Both parties are also fac...