TornadoCash
105,878 views
83 Discussing
Hot
Latest
šØTRUFLATION HACKER MOVES ~4.5 WBTC FOR 230 ETH
š¹Truflation, a blockchain inflation data platform, was hit by $5.2M malware attack last year
š¹Hacker laundered funds via Tornado Cash
š¹4.5 WBTC moved for 230 ETH
#Truflation #Hack #ETH #MalwareAttack #TornadoCash $ETH
$BTC
š¹Truflation, a blockchain inflation data platform, was hit by $5.2M malware attack last year
š¹Hacker laundered funds via Tornado Cash
š¹4.5 WBTC moved for 230 ETH
#Truflation #Hack #ETH #MalwareAttack #TornadoCash $ETH
$BTC
See original
#Whale Sudden Sell-off of $DAI to Buy $ETH - An Attractive Strategy! šš„
Just 15 hours ago, a whale wallet address suddenly sold off 5,875,000 $DAI and used all of this money to buy ETH. The interesting part is that this #DAI has been accumulated since 2022, and only now has this whale decided to "All-in" on ETH.
Not stopping there, this whale also transferred 1000 ETH to #TornadoCash to shuffle the hash and erase all traces related to this amount of ETH.
Could this be a sign that this whale has started #bullish with ETH, deciding to buy in when prices are low? Or is this just a "winner takes all, loser goes to zero" strategy, full of risks? š¤
#BullishMomentum
Just 15 hours ago, a whale wallet address suddenly sold off 5,875,000 $DAI and used all of this money to buy ETH. The interesting part is that this #DAI has been accumulated since 2022, and only now has this whale decided to "All-in" on ETH.
Not stopping there, this whale also transferred 1000 ETH to #TornadoCash to shuffle the hash and erase all traces related to this amount of ETH.
Could this be a sign that this whale has started #bullish with ETH, deciding to buy in when prices are low? Or is this just a "winner takes all, loser goes to zero" strategy, full of risks? š¤
#BullishMomentum
šØ ALERT: $780K Exploit Hits 1ROR/WETH Pool on Ethereum! š§Ø
#EthereumExploit #CryptoSecurity #TornadoCash
BREAKING: According to PANews, Cyvers Alerts has confirmed a major security breach involving the 1ROR/WETH liquidity pool on Ethereum ā resulting in an estimated loss of $780,000! š°
š What Happened?
The attacker cleverly abused a bug in the emergencyWithdraw() function ā depositing a tiny amount just to crack open the vulnerability. Once the exploit triggered, they siphoned off funds with surgical precision.
šø Fast Moves, Dirty Tricks:
Funds quickly swapped into $ETH
Routed through multiple wallets
Then masked via TornadoCash, where the attackerās address was first funded!
ā ļø Community Takeaway:
This is a chilling reminder: audit your contracts, never underestimate small deposits, and always track wallet behaviorāespecially if TornadoCash is involved.
š¢ BUY & TRADE safely on trusted pools. Stay alert, use verified smart contracts, and keep your crypto clean and protected! š
#EthereumExploit #CryptoSecurity #TornadoCash
BREAKING: According to PANews, Cyvers Alerts has confirmed a major security breach involving the 1ROR/WETH liquidity pool on Ethereum ā resulting in an estimated loss of $780,000! š°
š What Happened?
The attacker cleverly abused a bug in the emergencyWithdraw() function ā depositing a tiny amount just to crack open the vulnerability. Once the exploit triggered, they siphoned off funds with surgical precision.
šø Fast Moves, Dirty Tricks:
Funds quickly swapped into $ETH
Routed through multiple wallets
Then masked via TornadoCash, where the attackerās address was first funded!
ā ļø Community Takeaway:
This is a chilling reminder: audit your contracts, never underestimate small deposits, and always track wallet behaviorāespecially if TornadoCash is involved.
š¢ BUY & TRADE safely on trusted pools. Stay alert, use verified smart contracts, and keep your crypto clean and protected! š
See original
Tornado Cash Case Sparks Controversy: US Treasury Department's Regulatory Transparency Questioned
The Office of Foreign Assets Control (OFAC) of the US Treasury Department removed the smart contracts of Tornado Cash from the sanctions list in March, but the protocol's developer Roman Semenov still faces sanctions because North Korean hackers previously exploited the protocol.
This kind of "vicarious liability" not only sets a dangerous precedent for the market but also intensifies public skepticism about the fairness and transparency of regulations.
It is worth noting that OFAC specifically emphasized that the lifting of contract sanctions was a voluntary decision rather than compliance with a court ruling, a statement that suggests regulators are attempting to retain maximum discretion.
In fact, the Treasury is adopting a "technical response" strategy: on one hand, it limits court rulings to the narrow category of "immutable contracts," while on the other hand, it continues to assert its sanctioning authority over mutable agreements and their developers. This maneuver places the entire DeFi industry, particularly privacy protocol developers, in a position of greater uncertainty.
However, the regulatory dilemma reflected in this case is far more complex than it appears on the surface. When regulators demand that developers anticipate and mitigate all potential uses of their code under the pretext of national security, it essentially undermines the foundational principle of technological neutrality.
Even more concerning is the fact that OFAC has yet to provide clear standards for the distinction between "development activities" and "criminal assistance," which turns open-source code contributions into a game of legal chance.
The final ruling of the local court is still pending, but regardless of the outcome, this case has already had a profound impact on the crypto ecosystem. Many privacy protocol developers should begin reassessing the legal risks of their projects, with some teams even considering a complete shift to anonymous development models.
This regulatory tug-of-war not only concerns the survival of a protocol but also redefines the boundaries between technological innovation and compliance in the digital age.
Therefore, in this collision between technological evolution and regulatory frameworks, how to balance privacy protection with crime prevention remains an urgent issue to be addressed in our time.
#å åÆ蓧åø #OFAC #TornadoCash
The Office of Foreign Assets Control (OFAC) of the US Treasury Department removed the smart contracts of Tornado Cash from the sanctions list in March, but the protocol's developer Roman Semenov still faces sanctions because North Korean hackers previously exploited the protocol.
This kind of "vicarious liability" not only sets a dangerous precedent for the market but also intensifies public skepticism about the fairness and transparency of regulations.
It is worth noting that OFAC specifically emphasized that the lifting of contract sanctions was a voluntary decision rather than compliance with a court ruling, a statement that suggests regulators are attempting to retain maximum discretion.
In fact, the Treasury is adopting a "technical response" strategy: on one hand, it limits court rulings to the narrow category of "immutable contracts," while on the other hand, it continues to assert its sanctioning authority over mutable agreements and their developers. This maneuver places the entire DeFi industry, particularly privacy protocol developers, in a position of greater uncertainty.
However, the regulatory dilemma reflected in this case is far more complex than it appears on the surface. When regulators demand that developers anticipate and mitigate all potential uses of their code under the pretext of national security, it essentially undermines the foundational principle of technological neutrality.
Even more concerning is the fact that OFAC has yet to provide clear standards for the distinction between "development activities" and "criminal assistance," which turns open-source code contributions into a game of legal chance.
The final ruling of the local court is still pending, but regardless of the outcome, this case has already had a profound impact on the crypto ecosystem. Many privacy protocol developers should begin reassessing the legal risks of their projects, with some teams even considering a complete shift to anonymous development models.
This regulatory tug-of-war not only concerns the survival of a protocol but also redefines the boundaries between technological innovation and compliance in the digital age.
Therefore, in this collision between technological evolution and regulatory frameworks, how to balance privacy protection with crime prevention remains an urgent issue to be addressed in our time.
#å åÆ蓧åø #OFAC #TornadoCash
KiloEx suffers $7M loss in apparent oracle manipulation attack
#KiloEx loses $7M due to a sophisticated attack that targets a vulnerability in its price oracle system. The attacker funded a wallet via #TornadoCash and manipulated asset prices across several blockchain networks. KiloEx has suspended operations and is working with partners to track the stolen funds and blacklist the attackerās wallet.
KiloEx is a decentralized exchange platform focused on risk management and capital efficiency on #BNBChain , #opBNB , #Base , and #Manta.
š coindesk.com/markets/2025/04/15/dex-kiloex-loses-usd7m-in-apparent-oracle-manipulation-attack
#KiloEx loses $7M due to a sophisticated attack that targets a vulnerability in its price oracle system. The attacker funded a wallet via #TornadoCash and manipulated asset prices across several blockchain networks. KiloEx has suspended operations and is working with partners to track the stolen funds and blacklist the attackerās wallet.
KiloEx is a decentralized exchange platform focused on risk management and capital efficiency on #BNBChain , #opBNB , #Base , and #Manta.
š coindesk.com/markets/2025/04/15/dex-kiloex-loses-usd7m-in-apparent-oracle-manipulation-attack
šØ KiloEx $7M Hack Alert!
š„·Hackers exploited DEX KiloEx across $BNB , Base, and Taiko chains, draining around $7,000,000.
š The attacker, funded via #TornadoCash , used a series of exploitative transactions.
š Likely cause: a price oracle access control vulnerability.
Another reminder of how critical secure oracle implementation is in DeFi šš„
Buy and Trade $BNB
#BinanceSafetyInsights
š„·Hackers exploited DEX KiloEx across $BNB , Base, and Taiko chains, draining around $7,000,000.
š The attacker, funded via #TornadoCash , used a series of exploitative transactions.
š Likely cause: a price oracle access control vulnerability.
Another reminder of how critical secure oracle implementation is in DeFi šš„
Buy and Trade $BNB
#BinanceSafetyInsights
šØ KiloEx $7M Hack Alert!
š„·Hackers exploited DEX KiloEx across $BNB , Base, and Taiko chains, draining around $7,000,000.
š The attacker, funded via #TornadoCash , used a series of exploitative transactions.
š Likely cause: a price oracle access control vulnerability.
Another reminder of how critical secure oracle implementation is in DeFi šš„
Buy and Trade $BNB
#BinanceSafetyInsights
š„·Hackers exploited DEX KiloEx across $BNB , Base, and Taiko chains, draining around $7,000,000.
š The attacker, funded via #TornadoCash , used a series of exploitative transactions.
š Likely cause: a price oracle access control vulnerability.
Another reminder of how critical secure oracle implementation is in DeFi šš„
Buy and Trade $BNB
#BinanceSafetyInsights
U.S. Treasury Argues No Need for Final Court Judgment in Tornado Cash Case
š„š $BTC š„šš„š $ETH š„šš„š $XRP š„š
The U.S. Treasury argues there's no need for a final court judgment in the Tornado Cash case, indicating a potential resolution in the ongoing legal proceedings. ā
š¬ Each viewer is important to us! We value your comments and will reply to every one of them, so drop your thoughts below! š¬
š Please like and followāit means the world to me!
#TornadoCash #UStreasury #CryptoRegulation #defi
š„š $BTC š„šš„š $ETH š„šš„š $XRP š„š
The U.S. Treasury argues there's no need for a final court judgment in the Tornado Cash case, indicating a potential resolution in the ongoing legal proceedings. ā
š¬ Each viewer is important to us! We value your comments and will reply to every one of them, so drop your thoughts below! š¬
š Please like and followāit means the world to me!
#TornadoCash #UStreasury #CryptoRegulation #defi
See original
Tornado Cash developer Alexey Pertsev released from prison
The cryptocurrency community and privacy advocates around the world are closely watching Alexey Pertsev's legal battle and the Tornado Cash lawsuit.
Tornado Cash developer Alexey Pertsev was released from prison on February 7 and will continue to be under house arrest while preparing his legal appeal.
On February 6, a Dutch court suspended the pre-trial detention order against Pertsev, which began in August 2022 and was extended by a previous court ruling in November 2024.
As part of the pre-trial release, Pertsev must be electronically monitored. "It's not real freedom, but it's still better than prison," the developer wrote in a social media post on February 6.
Pertsev's case has raised alarm bells in the privacy advocacy community, which condemns this legal action as setting a dangerous precedent for privacy-protecting technologies and immutable code developers.
Pertsev was convicted of money laundering; Tornado Cash struggles with U.S. sanctions.
The 's-Hertogenbosch Court of Appeal convicted Pertsev of money laundering in May 2024 and sentenced the software developer to five years and four months in prison.
Dutch court officials found Pertsev guilty despite Tornado Cash developers not controlling the funds passing through the protocol or the protocol itself.
#AlexeyPertsev #TornadoCash
The cryptocurrency community and privacy advocates around the world are closely watching Alexey Pertsev's legal battle and the Tornado Cash lawsuit.
Tornado Cash developer Alexey Pertsev was released from prison on February 7 and will continue to be under house arrest while preparing his legal appeal.
On February 6, a Dutch court suspended the pre-trial detention order against Pertsev, which began in August 2022 and was extended by a previous court ruling in November 2024.
As part of the pre-trial release, Pertsev must be electronically monitored. "It's not real freedom, but it's still better than prison," the developer wrote in a social media post on February 6.
Pertsev's case has raised alarm bells in the privacy advocacy community, which condemns this legal action as setting a dangerous precedent for privacy-protecting technologies and immutable code developers.
Pertsev was convicted of money laundering; Tornado Cash struggles with U.S. sanctions.
The 's-Hertogenbosch Court of Appeal convicted Pertsev of money laundering in May 2024 and sentenced the software developer to five years and four months in prison.
Dutch court officials found Pertsev guilty despite Tornado Cash developers not controlling the funds passing through the protocol or the protocol itself.
#AlexeyPertsev #TornadoCash
Lifting Tornado Cash Sanctions: A Victory for Privacy in Cryptocurrency?
Yesterday, the U.S. District Court for the Western District of Texas lifted sanctions against Tornado Cash, a protocol for mixing cryptocurrencies that were imposed by the Treasury Department's Office of Foreign Assets Control (OFAC). This decision has become an important event for the crypto industry and raises many questions about the future of privacy technologies.
The history of sanctions
In August 2022, Tornado Cash was included in the OFAC sanctions list due to allegations of facilitating illegal transactions worth more than $455 million related to the North Korean Lazarus Group. These actions caused a wide response: developers, including Alexey Pertsev, were arrested, and the crypto community began to talk about where the line between innovation and compliance with the law lies.
Why is the decision important?
The court ruled that OFAC's actions may have exceeded their authority. The plaintiffs, consisting of Tornado Cash users, argued that immutable smart contracts are not "proprietary" in accordance with the law, and their blocking is contrary to the law.
In addition, they emphasized that blockchain is transparent by nature, and tools such as Tornado Cash perform legitimate functions to protect user privacy.
The Future of Privacy in Cryptocurrencies
This victory raises the question of how to regulate privacy-preserving technologies. Some, like Matthew Niemerg of Aleph Zero, believe that innovation and privacy must go hand in hand with meeting legal requirements. However, there are still many unresolved issues: for example, the responsibility of developers for using their technologies.
Alexey Pertsev is still in custody, despite the fact that Tornado Cash is a decentralized protocol that he did not directly manage. This case raises the question of how much personal responsibility can be applied to the creators of such technologies.
What does this mean for the cryptocurrency industry?
The court ruling could set a precedent that points the way to a more balanced regulation where innovation is protected and abuse is prevented. But while the industry is waiting for further development of the Pertsev case and clarification of legislation, the question remains open.:
How do you think it is possible to achieve a balance between privacy protection and security in the crypto industry?
#TornadoCash #cryptocurrency #crypto
The history of sanctions
In August 2022, Tornado Cash was included in the OFAC sanctions list due to allegations of facilitating illegal transactions worth more than $455 million related to the North Korean Lazarus Group. These actions caused a wide response: developers, including Alexey Pertsev, were arrested, and the crypto community began to talk about where the line between innovation and compliance with the law lies.
Why is the decision important?
The court ruled that OFAC's actions may have exceeded their authority. The plaintiffs, consisting of Tornado Cash users, argued that immutable smart contracts are not "proprietary" in accordance with the law, and their blocking is contrary to the law.
In addition, they emphasized that blockchain is transparent by nature, and tools such as Tornado Cash perform legitimate functions to protect user privacy.
The Future of Privacy in Cryptocurrencies
This victory raises the question of how to regulate privacy-preserving technologies. Some, like Matthew Niemerg of Aleph Zero, believe that innovation and privacy must go hand in hand with meeting legal requirements. However, there are still many unresolved issues: for example, the responsibility of developers for using their technologies.
Alexey Pertsev is still in custody, despite the fact that Tornado Cash is a decentralized protocol that he did not directly manage. This case raises the question of how much personal responsibility can be applied to the creators of such technologies.
What does this mean for the cryptocurrency industry?
The court ruling could set a precedent that points the way to a more balanced regulation where innovation is protected and abuse is prevented. But while the industry is waiting for further development of the Pertsev case and clarification of legislation, the question remains open.:
How do you think it is possible to achieve a balance between privacy protection and security in the crypto industry?
#TornadoCash #cryptocurrency #crypto
Morning News Update #Web3
šŖ Vitalik Buterin donates 50 $ETH to Defend Roman Stormās legal fund via Juice Box, supporting the Tornado Cash developerās defense.
š Crypto VC funding hit $13.6B in 2024, accounting for 4.9% of total $279B investments, with projections reaching $18B in 2025 due to lower interest rates and clearer regulations.
šµ Solana stablecoins grew by $1B in December, bringing TVL to $5B, driven by $USDC at $4B and $USDT at $1B.
š Dollar rose 8% in 2024, marking its best year since 2015, driven by strong US economic performance and Trumpās tax and tariff policies.
ā Bitcoin miners earned $1.41B in December, the highest since April, with $1.37B from block rewards and $38.9M from fees.
#TornadoCash #Solanaā© #Stablecoins
šŖ Vitalik Buterin donates 50 $ETH to Defend Roman Stormās legal fund via Juice Box, supporting the Tornado Cash developerās defense.
š Crypto VC funding hit $13.6B in 2024, accounting for 4.9% of total $279B investments, with projections reaching $18B in 2025 due to lower interest rates and clearer regulations.
šµ Solana stablecoins grew by $1B in December, bringing TVL to $5B, driven by $USDC at $4B and $USDT at $1B.
š Dollar rose 8% in 2024, marking its best year since 2015, driven by strong US economic performance and Trumpās tax and tariff policies.
ā Bitcoin miners earned $1.41B in December, the highest since April, with $1.37B from block rewards and $38.9M from fees.
#TornadoCash #Solanaā© #Stablecoins
šØ $ETH Ethereum Co-Founder Vitalik Buterin Ka Tornado Cash Developer Ke Release Par Comment! šØ
Foresight News ke according, Ethereum ke co-founder Vitalik Buterin ne Tornado Cash developer Alexey Pertsev ke tweet ko share kiya aur comment kiya "Milady." š®š„
Pertsev ne apne tweet mein announce kiya ki 7th February, 10 AM par unko Dutch court ne electronic monitoring ke saath release kar diya hai. š°ļøš»
Unhone kaha ki yeh complete freedom nahi hai, lekin jail mein na hone ki wajah se unhone relief feel kiya. š
Pertsev ne yeh bhi kaha ki yeh development unko appeal continue karne ka moka deta hai aur woh justice ke liye fight karte rahenge. šŖāļø
Unhone apne supporters ka shukriya bhi ada kiya, jo unki release mein madadgar sabit huye! šš
#ETH #VitalikButerin š„ #TornadoCash šØ #CryptoJustice āļø #FreedomFighter šļø
Foresight News ke according, Ethereum ke co-founder Vitalik Buterin ne Tornado Cash developer Alexey Pertsev ke tweet ko share kiya aur comment kiya "Milady." š®š„
Pertsev ne apne tweet mein announce kiya ki 7th February, 10 AM par unko Dutch court ne electronic monitoring ke saath release kar diya hai. š°ļøš»
Unhone kaha ki yeh complete freedom nahi hai, lekin jail mein na hone ki wajah se unhone relief feel kiya. š
Pertsev ne yeh bhi kaha ki yeh development unko appeal continue karne ka moka deta hai aur woh justice ke liye fight karte rahenge. šŖāļø
Unhone apne supporters ka shukriya bhi ada kiya, jo unki release mein madadgar sabit huye! šš
#ETH #VitalikButerin š„ #TornadoCash šØ #CryptoJustice āļø #FreedomFighter šļø
šØ Ethereum Co-Founder Vitalik Buterin Ka Tornado Cash Developer Ke Release Par Comment! šØ
Foresight News ke according, Ethereum ke co-founder Vitalik Buterin ne Tornado Cash developer Alexey Pertsev ke tweet ko share kiya aur comment kiya "Milady." š®š„
Pertsev ne apne tweet mein announce kiya ki 7th February, 10 AM par unko Dutch court ne electronic monitoring ke saath release kar diya hai. š°ļøš»
Unhone kaha ki yeh complete freedom nahi hai, lekin jail mein na hone ki wajah se unhone relief feel kiya. š
Pertsev ne yeh bhi kaha ki yeh development unko appeal continue karne ka moka deta hai aur woh justice ke liye fight karte rahenge. šŖāļø
Unhone apne supporters ka shukriya bhi ada kiya, jo unki release mein madadgar sabit huye! šš
#ETH #VitalikButerin š„ #TornadoCash šØ #CryptoJustice āļø #FreedomFighter šļø
Foresight News ke according, Ethereum ke co-founder Vitalik Buterin ne Tornado Cash developer Alexey Pertsev ke tweet ko share kiya aur comment kiya "Milady." š®š„
Pertsev ne apne tweet mein announce kiya ki 7th February, 10 AM par unko Dutch court ne electronic monitoring ke saath release kar diya hai. š°ļøš»
Unhone kaha ki yeh complete freedom nahi hai, lekin jail mein na hone ki wajah se unhone relief feel kiya. š
Pertsev ne yeh bhi kaha ki yeh development unko appeal continue karne ka moka deta hai aur woh justice ke liye fight karte rahenge. šŖāļø
Unhone apne supporters ka shukriya bhi ada kiya, jo unki release mein madadgar sabit huye! šš
#ETH #VitalikButerin š„ #TornadoCash šØ #CryptoJustice āļø #FreedomFighter šļø
#InfiniHacked
šØ Another Crypto Heist Shakes the Market! šØ
Just when we thought the #Bybit saga was cooling down, BOOMāanother shocker! This time, the target is Infini, a Hong Kong-based stablecoin digital bank, and the loot? A jaw-dropping $50 million in USDC!
According to security watchdog PeckShield, the hacker pulled off a textbook crypto heist. First, they snatched a private key, then drained $49.5 million in USDC in two batchesā11.4M + 38M $USDC . What next? The stolen funds were swiftly swapped into DAI, funneled through the infamous Tornado Cash (because, of course!), converted to $ETH , and tucked away in a brand-new wallet.
The best (or worst) part? A sharp-eyed community member noticed the shady transactions and sounded the alarm on #PeckShieldAlert and the Infiniās security team traced the hackerās tracks, the unthinkable happenedāan inside job! An engineer was allegedly behind the whole scheme. PekShieldAlert also shared the swap and hack flow info in their official X account.
Now, with the hacker exposed, #Infini has filed a police report and is demanding the full amount be returned. The crypto world is watchingāwill justice be served, or is this just another digital Houdini act?
Let's keep our eyes on, because this story is FAR from over!
#CryptoScam #TornadoCash
šØ Another Crypto Heist Shakes the Market! šØ
Just when we thought the #Bybit saga was cooling down, BOOMāanother shocker! This time, the target is Infini, a Hong Kong-based stablecoin digital bank, and the loot? A jaw-dropping $50 million in USDC!
According to security watchdog PeckShield, the hacker pulled off a textbook crypto heist. First, they snatched a private key, then drained $49.5 million in USDC in two batchesā11.4M + 38M $USDC . What next? The stolen funds were swiftly swapped into DAI, funneled through the infamous Tornado Cash (because, of course!), converted to $ETH , and tucked away in a brand-new wallet.
The best (or worst) part? A sharp-eyed community member noticed the shady transactions and sounded the alarm on #PeckShieldAlert and the Infiniās security team traced the hackerās tracks, the unthinkable happenedāan inside job! An engineer was allegedly behind the whole scheme. PekShieldAlert also shared the swap and hack flow info in their official X account.
Now, with the hacker exposed, #Infini has filed a police report and is demanding the full amount be returned. The crypto world is watchingāwill justice be served, or is this just another digital Houdini act?
Let's keep our eyes on, because this story is FAR from over!
#CryptoScam #TornadoCash
See original
#FoundationEthereum
#TornadoCash
The Ethereum Foundation is committed to donating 1.25 million dollars for the legal defense of the Tornado Cash developer
According to BlockBeats, the Ethereum Foundation announced a donation of 1.25 million dollars to support the legal defense of Tornado Cash developer Alexey Pertsev. The foundation emphasized that privacy is a fundamental right and that writing code should not be taken as a crime.
#TornadoCash
The Ethereum Foundation is committed to donating 1.25 million dollars for the legal defense of the Tornado Cash developer
According to BlockBeats, the Ethereum Foundation announced a donation of 1.25 million dollars to support the legal defense of Tornado Cash developer Alexey Pertsev. The foundation emphasized that privacy is a fundamental right and that writing code should not be taken as a crime.
See original
US unexpectedly 'turns back': The Department of Justice disbands the cryptocurrency enforcement unit, no longer prosecuting exchanges
In a shocking turn of events in the crypto world, the US Department of Justice (DOJ) has just announced the dissolution of the National Cryptocurrency Enforcement Team (NCET) and has suspended criminal prosecutions against crypto services such as exchanges, coin mixing tools, and cold wallets, unless related to clear crimes such as fraud, rug pulls, or hacks.
This information was disclosed in an internal memo sent to DOJ employees on Monday evening, signed by Deputy Attorney General Todd Blanche. On Tuesday morning, Amanda Tuminelli, the executive director of the DeFi Education Fund advocacy group, publicly announced this memo on social media X.
This information was disclosed in an internal memo sent to DOJ employees on Monday evening, signed by Deputy Attorney General Todd Blanche. On Tuesday morning, Amanda Tuminelli, the executive director of the DeFi Education Fund advocacy group, publicly announced this memo on social media X.
šØ 30-Year Prison Sentence For Crypto Mixer Founder
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingovās defense disputes the extent of his involvement, arguing that he wasnāt responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidenceāsuch as server logs, private keys, and ledgersāwas never presented in court.
A Call for Fairness:
Sterlingovās legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the governmentās forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingovās defense disputes the extent of his involvement, arguing that he wasnāt responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidenceāsuch as server logs, private keys, and ledgersāwas never presented in court.
A Call for Fairness:
Sterlingovās legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the governmentās forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Login to explore more contents