On Tuesday, November 17th, a federal grand jury has charged the developers of a cryptocurrency money laundering scheme known as “Tornado Cash” with money laundering. The individuals identified as Philip Durachinsky and Eduard Shaykhutdinov are accused of running a “mixer” that allowed users to deposit illicitly-obtained cryptocurrencies and subsequently receive other digital coins in return… Continue reading Feds Charge Tornado Cash Crypto Mixer Devs With Money Laundering
Category: laundering
Tornado Cash devs charged with laundering more than $1 billion
In a shocking development for cryptocurrency users, the developers of Tornado Cash, an ethereum-based privacy protocol, have been charged by U.S. officials with laundering more than $1 billion worth of digital assets. According to prosecutors in the United States District Court for the District of Columbia, three individuals, including the two developers of Tornado Cash,… Continue reading Tornado Cash devs charged with laundering more than $1 billion
‘Bitcoin Bonnie and Clyde’ Plead Guilty to Billion Dollar Crypto Laundering Scheme
The world of crypto-currency is no stranger to headline-grabbing crimes and investigations. In one of the biggest cryptocurrency-related cases to date, a Canadian duo, dubbed the “Bitcoin Bonnie and Clyde”, recently pleaded guilty to a massive billion dollar money-laundering scheme involving Bitcoin. Prosecutors alleged that the couple, Kathleen Robinet and her husband, Pierre Michel Robinet,… Continue reading ‘Bitcoin Bonnie and Clyde’ Plead Guilty to Billion Dollar Crypto Laundering Scheme