Category: Tornado
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Tornado Cash Scores ‘Stunning Court Victory’ For Crypto
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On November 26, the 5th Circuit Court of Appeals ruled that the US Treasury Department’s Office of Foreign Assets Control (OFAC) exceeded its authority by imposing sanctions on cryptocurrency mixer Tornado Cash’s immutable smart contracts. The court declared that these autonomous smart contracts, which operate without human intervention, could not…
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Tornado Cash Co-Founder Trial Adjourned Until April 2025
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In the latest development in the ongoing trial of Tornado Cash co-founder Roman Sturm, the presiding judge has postponed the long-awaited trial until April 2025. This decision will see money laundering and sanctions violation charges against the cryptocurrency developer continue until at least the next five months. Mandamus Petition’s trial…
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Vitalik Buterin Donates 100 ETH To Tornado Cash Campaign Following Memecoin Offload
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Ethereum (ETH) co-founder Vitalik Buterin received a lot of applause by donating a large amount of assets to the legal aid of Tornado Cash developers. It is worth noting that this action comes after the prominent cryptocurrency figure attracted the attention of the market through a large-scale sale of his…
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Tornado Cash At Center Of $287 Million Laundered In Q3: High-Profile Anomalies Exposed
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The ongoing legal saga surrounding Tornado Cash, a cryptocurrency mixing service, has intensified, with its founders facing serious allegations of facilitating large-scale money laundering. The US Department of Justice has charged Roman Storm and Roman Semenov with running a facility that allegedly helped launder more than $1 billion in illicit…
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Tornado Cash At Center Of $287 Million Laundered In Q3: High-Profile Anomalies Exposed
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The ongoing legal saga surrounding Tornado Cash, a cryptocurrency mixing service, has intensified, with its founders facing serious allegations of facilitating large-scale money laundering. The US Department of Justice has charged Roman Storm and Roman Semenov with running a facility that allegedly helped launder more than $1 billion in illicit…
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Tornado Cash Loses Motion to Dismiss
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Judge in Tornado Cash Case He issued an oral ruling today, denying both the defense’s motion to compel discovery and their motion to dismiss the charges. This represents a major setback for the defense, and the judge’s reasoning may not bode well for developers and projects moving forward. Motion to…
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Tornado Cash Loses Motion to Dismiss
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Judge in Tornado Cash Case He issued an oral ruling today, denying both the defense’s motion to compel discovery and their motion to dismiss the charges. This represents a major setback for the defense, and the judge’s reasoning may not bode well for developers and projects moving forward. Motion to…
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Unizen Hacker Moves $2.1 Million To Tornado Cash
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The cryptocurrency world has become a battleground for digital financial crimes, with hackers and thieves constantly seeking new ways to exploit vulnerabilities and drain funds. One of the latest incidents in this ongoing saga is the Unizen hacker, who recently transferred a staggering $2.1 million in stolen assets to the…
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Reckitt’s baby formula sales to take hit after tornado destroys warehouse By Reuters
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Written by Richa Naidu and Yadarisa Shabong Reckitt Plc said Wednesday that short-term sales of some of its Mead Johnson infant formula products are likely to be affected after a tornado hit a third-party warehouse in Indiana, causing extensive damage. The Mount Vernon warehouse, which is currently out of operation…
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No Bail For Tornado Cash Dev Alexey Pertsev, Dutch Court Rules
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The ongoing legal dispute over the Tornado Cash cryptocurrency mixer has put the blockchain sector on alert as developers consider the troubling consequences of assigning programmers responsibility for the use of their software by others. Pertsev’s Dilemma At the center of the storm is Alexei Pertsev, a 31-year-old Russian developer…
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UwU Lend announces $5m bounty as hacker starts laundering stolen funds via Tornado Cash
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Decentralized lending protocol UwU Lend has revealed a $5 million reward to “identify and locate the exploiter.” Developers of UwU Lend Promising To pay up to $5 million to “the first person to identify and locate the hacker,” who exploited the protocol for more than $23 million in cryptocurrency. The…
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UwU Lend announces $5m bounty as hacker starts laundering stolen funds via Tornado Cash
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Decentralized lending protocol UwU Lend has revealed a $5 million reward to “identify and locate the exploiter.” Developers of UwU Lend Promising To pay up to $5 million to “the first person to identify and locate the hacker,” who exploited the protocol for more than $23 million in cryptocurrency. The…
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Tornado Cash TVL, token price surge despite market downturn
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Tornado Cash (TORN) price and Total Value Locked (TVL) rose while the broader cryptocurrency market was consolidating in a bearish mood. TORN has risen by 11.8% in the last 24 hours and is trading at $3.36 at the time of writing. The market capitalization of the asset crossed the $17…
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Michigan tornado and Ohio and Maryland storms kill toddler and injure at least 13
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A tornado that struck suburban Detroit earlier this week toppled trees that blew off the roof of Abe Satta’s family home, sending water pouring down. Although they now had a giant crane removing trees from the house, they were lucky that no one was hurt. The tornado that destroyed Sata’s…
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Ethereum’s Vitalik Buterin Donates 30 ETH to Support Tornado Cash Devs’ Legal Defense
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Ethereum co-founder Vitalik Buterin has donated 30 ETH, worth approximately $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm through decentralized fundraising platform Juicebox. According to on-chain data, practical From an address associated with Buterin, called Vitalik.eth, sent at 1:58 AM EST on May…
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Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison
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Alexei Burtsev, the developer of the Ethereum-based Tornado Cash cryptocurrency mixer, was sentenced to 64 months in prison after a Dutch court found him guilty of money laundering on Tuesday. The judge stated that the platform was “intended for criminals” and that Burtsev should have suspected the criminal origins of…
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Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison
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Alexei Burtsev, the developer of the Ethereum-based Tornado Cash cryptocurrency mixer, was sentenced to 64 months in prison after a Dutch court found him guilty of money laundering on Tuesday. The judge stated that the platform was “intended for criminals” and that Burtsev should have suspected the criminal origins of…
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Tornado Cash developer appeals verdict, KOLs slam Dutch system
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Tornado Cash developer Alexei Burtsev has reportedly appealed the conviction in the Netherlands, a case that has sparked a broader discourse about cryptocurrency privacy. Burtsev and his legal team, led by attorney Keith Cheng, have reportedly filed an appeal against the 64-month prison sentence for allegedly facilitating more than $2.2…
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Tornado Cash Developer Fails to Mix Himself Out of 64-Month Prison Sentence
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The Oost-Brabant District Court in the Netherlands has sentenced Alexei Burtsev, co-developer of popular cryptocurrency mixing tool Tornado Cash, to 64 months in prison for his role in creating and maintaining the platform. The court alleges that Tornado Cash enables “criminal activity and terrorism” by concealing the origin, destination and…
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Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash
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The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023, recently transferred more than 1,100 Ethereum (ETH) to sanctioned cryptocurrency mixer Tornado Cash. The hacker sent ether in batches while still holding over $180 million in assets across different blockchains. Poloniex Hacker’s Laundry of 1,120 ETH according to…