Tornado Cash’s Alexey Pertsev released from prison
Alexey Pertsev, the Tornado Cash developer convicted of money laundering in 2024, has been released from prison under electronic monitoring as he continues his legal battle. The 31-year-old Russian national, sentenced to 64 months in a Dutch prison last May, announced his release in a February 6 post on X, stating, “Dear Friends, on Friday […]
Tornado Cash dev freed from prison by Dutch court
Tornado Cash developer Alexey Pertsev claims he will be released from prison on Feb. 7 after a Dutch Court canceled his pretrial detention in exchange for electronic monitoring. In a post on X, Pertsev declared that he will be released from prison on Feb. 7 at at 9 am UTC or 10 am local time, […]
Tornado Cash co-founder speaks out as mixers face scrutiny
On Jan. 22, Roman Storm, a co-founder of the privacy-focused cryptocurrency protocol Tornado Cash, shared his thoughts about the ongoing money-laundering conspiracy prosecution against him on X. Members of the crypto dev community showed their support. My name is Roman Storm, and I am one of the founders of Tornado Cash, a non-custodial privacy protocol. […]
Monero price could surge 140% after Tornado Cash ruling
Monero price has rallied for five consecutive weeks and is trading at levels last seen in April 2022. Monero (XMR), the largest privacy-focused cryptocurrency, was seen trading at $220.70 on Thursday Jan. 23, up by 113% from its lowest level in 2024. The rebound picked up momentum after a US court ruled in favor of […]
Tornado Cash’s TORN price surges 120% amid news of sanction relief
Tornado Cash’s TORN token jumped 124% on Jan. 22 as speculators reacted to news that a court ruling lifted U.S. sanctions on the platform’s smart contracts. Tornado Cash’s (TORN) token surged 124% on Jan. 22 following a Jan. 21 court ruling that seemingly overturned U.S. sanctions, ruling the platform’s smart contracts are not “property” under […]
Over half a billion in crypto loot laundered via Tornado Cash in 2024: report
More than 60% of ETH deposits to Tornado Cash in 2024 originated from high-risk sources, including accounts linked to major crypto hacks. According to a Global Ledger report shared with crypto.news, over $552 million in stolen cryptocurrency was laundered via cryptocurrency mixing service Tornado Cash between Jan.1 and Nov. 27. Tornado Cash received a total […]
Tornado Cash smart contracts cleared of OFAC sanctions in latest ruling
A U.S. appeals court ruled that the Treasury exceeded its authority by sanctioning Tornado Cash’s immutable smart contracts, declaring them outside the scope of federal property laws. On Nov. 26, the Fifth Circuit Court of Appeals overturned a prior ruling by the U.S. Department of the Treasury’s Office of Foreign Assets Control, stating that smart […]
Tornado Cash co-founder requests dismissal of money laundering charges
In a recent court filing, lawyers representing Roman Storm, the co-founder of Tornado Cash, have filed a motion to dismiss the money laundering charges against him. Source link
