Law enforcement in the Netherlands has arrested a developer allegedly linked to the Tornado Cash mixer.
A 29-year-old man was detained in Amsterdam. Suspected of money laundering and hiding criminal financial flows through a cryptocurrency mixer.
In June 2022, a division of the Dutch Financial Information and Investigations Service (FIOD) launched a criminal investigation into Tornado Cash.
The agency believes the mixer was used to hide major criminal financial flows, including the theft of cryptocurrencies during hacking and fraud.
“These advanced technologies, such as decentralized organizations that can facilitate money laundering, are receiving additional attention from FIOD,” law enforcement officials said, not ruling out the possibility of further arrests.
According to some information, we are talking about the developer Alexey Pertsev. This information has not yet been officially confirmed.
My sources claim @alex_pertsev
– banteg (@bantg) August 12, 2022
Arrested developer Alexey Pertsev is writing The Block with reference to his wife, Ksenia Malik. He said he was shocked by what had happened and is currently working with lawyers.
“My husband didn’t do anything illegal,” Malik said.
A FIOD spokesperson declined to reveal the identity of the developer to the publication.
Recall that on August 8, the US authorities added the mixer’s website and the corresponding cryptocurrency addresses to the sanctions list. According to the U.S. Treasury’s Office of Foreign Assets Control, at least $7 billion has passed from Tornado Cash since 2019.
Circle has blacklisted Tornado Cash USDC wallet addresses following the sanctions. Infura and Alchemy infrastructure platforms have limited RPC requests for Tornado Cash.
Decentralized derivatives exchange dYdX has suspended the accounts of users who previously interacted with the mixing service.
The assets of Tornado Cash decreased by 15% after it entered the US sanctions list.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.