Tornado Cash Laundering
- 9 months ago
Two co-founders of the popular cryptocurrency platform Tornado Cash have been charged with running a money laundering scheme worth hundreds of millions of dollars. The scheme allegedly used the crypto mixer to launder over $1 billion, a significant amount going to a North Korean cybercrime organization. The US Treasury has sanctioned one of the co-founders, and a third co-founder was previously arrested on money laundering charges. If convicted, the two co-founders could face up to 20 years in prison.