Multiple sources have confirmed that Onyx Protocol, a decentralized finance (defi) platform, has been compromised in a security breach, resulting in a loss of $ 2.1 million. In the wake of this attack, a fraction of the stolen crypto assets, originally from the cross-token liquidity market, were swiftly transferred to the ether mixing service …
Tornado Cash Co-Founder Pleads Innocence Amidst Money Laundering and Hacking Scandal
On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded, Storm resolutely declared his innocence by pleading not guilty to the charges levied against him. …
Tornado Cash Founders Accused, Court Rules in Favor of Grayscale Against SEC, and More — Bitcoin.com News Week in Review
The U.S. government has charged the founders of crypto mixing and privacy tool Tornado Cash with money laundering, calling them “criminals.” In other news, the U.S. Court of Appeals for the District of Columbia has ruled in favor of crypto asset manager Grayscale against the United States Securities and Exchange Commission (SEC). This and much […]
Tornado Cash Co-Founder Roman Storm Released on Bail
One of the founders of the Tornado Cash crypto mixer, Roman Storm, has been released on bail, his lawyer announced on social media. Storm, who was arrested in the United States, has been charged with money laundering and sanctions violations through the unlicensed platform. Storm Out on Bail After Indictment for His Role in …
Founders of Crypto Mixer Tornado Cash Accused of Laundering $1 Billion
The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $ 1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide From Us Behind a Keyboard — Whether You’re a Hacker or Facilitator’ Roman Storm and Roman …