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

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

What is a Layer-1 (L1) Blockchain? L1 Problems & Future

2025-05-03

What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

2025-05-02
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 a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02

    What They Are and What They Are For

    2025-04-17

    What It is & Why it Matters

    2025-04-16
  • 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  $30 million international crypto fraud from 2018 kicks off trial in France

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

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07

FBI reports $9.3 billion in US targeted crypto scams as elderly hit hardest

2025-04-24

XRP Ledger developer kit compromised with backdoor to steal wallet private keys

2025-04-22

Phishing scammers now exploiting Google’s infrastructure to target crypto users

2025-04-16
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Decoding AI Cryptos – All hype or is it the next big thing?  

2023-02-12

AI cryptos registered as much as 16 instances progress previously few months. Many of the…

DeFi

Top DeFi Projects Experience TVL Decline This Week

2024-08-04

This week noticed a slight decline within the DeFi sector with distinguished initiatives witnessing a…

Analysis

Ethereum Price Defies Gravity, Here’s What Could Spark Bullish Moves

2023-10-21

Ethereum value managed to remain above the $1,520 help towards the US greenback. ETH is…

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

Ontario Academic Aims To Revolutionize Digital Space Interaction

2024-03-04

CFTC fines South African CEO $3.4B over Bitcoin MLM scheme

2023-04-28

Crypto Miners Dodge 30% Energy Tax as Part of US Debt Ceiling Deal

2023-05-30

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)$101,777.004.99%
  • ethereumEthereum(ETH)$2,071.7013.98%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.276.62%
  • binancecoinBNB(BNB)$620.983.31%
  • solanaSolana(SOL)$161.2210.64%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 100,420.91
ethereum
Ethereum (ETH) $ 2,017.18
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 620.24
solana
Solana (SOL) $ 159.61
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.188691
cardano
Cardano (ADA) $ 0.733482
tron
TRON (TRX) $ 0.253041