• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree

2025-05-30

What Is Asset Tokenization? Types, Why It Matters Now [2025]

2025-05-30

Key Innovations, Challenges, and What Comes Next

2025-05-27
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    2025-05-30

    Key Innovations, Challenges, and What Comes Next

    2025-05-27

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    2025-05-26

    Types, Use Cases and Why They Matter

    2025-05-24

    What’s the Real Difference for Beginners?

    2025-05-24
  • Market Cap
  • Shop
Crypto Semantic
Home»Scams»US Releases Tornado Cash Founder on Bail After $1,000,000,000 Money Laundering Charge
US Releases Tornado Cash Founder on Bail After $1,000,000,000 Money Laundering Charge
Scams

US Releases Tornado Cash Founder on Bail After $1,000,000,000 Money Laundering Charge

2023-08-27No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

One of many founders of crypto mixer Twister Money has been launched on bail after being charged with laundering $1 billion by the U.S. Division of Justice (DOJ).

Based on protection legal professional Brian Klein, Roman Storm, one of many founders of the sanctioned crypto mixer, has been released on bail.

Nonetheless, in line with Klein, the implications of the prosecutors’ case in opposition to his consumer are far-reaching and will influence all software program builders as Storm is being charged with cash laundering for serving to develop Twister Money slightly than for laundering cash himself.

“Happy to share that my consumer Roman Storm is already out on bail, though I stay very disenchanted that the prosecutors charged him as a result of he helped develop software program – their novel authorized concept has harmful implications for all software program builders.”

Based on a press launch from the DOJ, Storm, alongside Roman Semenov, one other Twister Money founder, was charged with conspiracy to assist North Korean hacking group Lazarus launder cash earlier this week.

As said by Legal professional Common Merrick Garland within the press launch,

“As alleged within the indictment, the defendants operated a $1 billion scheme designed to assist different criminals launder and conceal funds utilizing cryptocurrency, together with by laundering lots of of thousands and thousands of {dollars} on behalf of a state-sponsored North Korean cybercrime group sanctioned by the U.S. authorities.

These costs ought to function yet one more warning to those that suppose they’ll flip to cryptocurrency to hide their crimes and conceal their identities, together with cryptocurrency mixers: it doesn’t matter how refined your scheme is or what number of makes an attempt you’ve got made to anonymize your self, the DOJ you accountable on your crimes.”

Twister Money, an Ethereum-based (ETH) coin mixing system that helps customers conceal their digital property, was sanctioned by the US in 2022 for nationwide safety functions.

See also  Bitcoin Cash (BCH) Price Rockets Upward by 108% Following EDX Markets' Opening

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

Verify Value Motion

Comply with us on Twitter, Fb and Telegram

Surf The Every day Hodl Combine

Featured Picture: Shutterstock/Liu zishan/Satheesh Sankaran



Source link

bail Cash Charge Founder Laundering Money releases Tornado
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree

2025-05-30

Trader loses $2.5M USDT after falling for address poisoning scam twice

2025-05-26

Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’

2025-05-18

Jan 2024 SEC’s X account hacker got 14 months in prison for cyber fraud

2025-05-17
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Bitcoin

Bitcoin: Is another bull run on the horizon?

2024-02-25

Journalist Posted: February 25, 2024 Bitcoin’s Inter-exchange Stream Pulse has trended upward prior to now…

Blockchain

What Is Proof-of-Stake (PoS)? The Investor’s Guide

2023-04-20

Blockchain Proof-of-stake is a sort of blockchain consensus mechanism that evaluates the crypto stake of…

Analysis

Whales Start Shifting DEX Token Ahead of Massive $505,500,000 Unlock

2023-11-28

Whales have began shifting a decentralized alternate altcoin forward of a large $505.5 million token…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

PEPE Shines With 25% Gains As Market Sees Correction

2023-08-15

Will Bitcoin Price Crash To $10,000? Bloomberg Expert Reveals When

2023-10-04

Bitcoin: What this new on-chain metric says about the state of BTC

2023-08-25

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,564.00-2.20%
  • ethereumEthereum(ETH)$2,519.81-3.92%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.14-3.09%
  • binancecoinBNB(BNB)$653.88-2.55%
  • solanaSolana(SOL)$153.19-6.45%
  • usd-coinUSDC(USDC)$1.00-0.01%
bitcoin
Bitcoin (BTC) $ 103,448.72
ethereum
Ethereum (ETH) $ 2,519.68
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.14
bnb
BNB (BNB) $ 654.22
solana
Solana (SOL) $ 153.44
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.186863
tron
TRON (TRX) $ 0.269086
cardano
Cardano (ADA) $ 0.666518