Tornado Cash Developers Charged With Money Laundering and Sanctions Violations That Facilitated Over $1 Billion in Illicit Transactions
Two more developers who worked on Tornado Cash, an Ethereum network-based privacy protocol designed to obfuscate the link between sending and receiving addresses, are being charged by the US Depart of Justice. Developers...
Developers Roman Storm and Roman Semenov are both being charged with money laundering and sanctions violations, owing to their work on the protocol....
Read More: Tornado Cash Developers Charged With Money Laundering and Sanctions Violations That Facilitated Over $1 Billion in Illicit Transactions
Original source
Read on CryptonewsRelated market context
Crypto Laundering Network Linked To Ransomware Gangs Dismantled By Law Enforcement
TL;DR Chainalysis says law enforcement has dismantled AudiA6, a crypto laundering network linked to ransomware and darknet activit...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
SpaceX’s $75 Billion IPO at $135 Sparks Fresh Crypto Bets
Key Takeaways: SpaceX’s IPO was priced at $135 a share to raise a record $75 billion. Offering will value the company at about $1....
JPMorgan Says the Debasement Trade Retreat Has ‘Accelerated’ for Bitcoin as June ETF Outflows Reach $2.1 Billion
The debasement trade that fueled demand for bitcoin and gold through much of this year is unwinding, and the retreat has accelerat...
XRP Gets AI Agent Payment Support in Ripple’s XRPL AI Starter Kit as Executive Sees Billions Ahead
XRP is being positioned for AI-driven commerce as Ripple launches a developer toolkit that enables autonomous software to transact...
Iran says US agreed to uranium dilution plan as crypto becomes key sanctions workaround
The potential easing of sanctions on Iran could redefine the role of cryptocurrencies in global finance, impacting geopolitical an...