Alleged Tornado Cash Dev Suspected of ‘Facilitating Money Laundering
The Dutch financial crimes agency that last week arrested a 29-year-old developer in connection with cryptocurrency mixer Tornado Cash said that “he is suspected of involvement in concealing criminal financial flows and facilitating money laundering.”.The DeFi Education Fund, a policy nonprofit that advocates for decentralized finance, published the responses.
Tornado Cash is an app that obscures Ethereum transactions, which has made it popular with traders who want to maintain their privacy. But the U.S. government has said that the project “repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors,” and the Office of Financial Assets Control (OFAC) added dozens of crypto wallet addresses to its sanctions list on August 8.
Source
https://t.me/DeFi_Ethereum
