Why was tornado cash arrested in Amsterdam?

The arrest in Amsterdam marks an escalation in global authorities’ crackdown against Tornado Cash and other crypto mixers. Such services operate by pooling together contributors’ funds and then redistributing them, making it harder for law enforcement to track the digital breadcrumbs that accompany cryptocurrency transactions.

Who is tornado cash?

A 29-year-old man has been arrested in Amsterdam for his suspected involvement in the development of Tornado Cash — a crypto mixer service that was banned earlier this month by the US Department of the Treasury for its role in laundering money from large-scale hacking operations, including those linked to state-sponsored North Korean cybergangs.

Does tornado cash have a privacy policy?

The cryptocurrency mixer allows users to move their tokens around anonymously. But federal regulators say cyber criminals have used the service launder money. Tornado Cash was recently sanctioned by the US Department of Treasury. Privacy is a key objective of many crypto proponents.

Is tornado cash a decentralized protocol?

As of then, the founders don’t have any control of Tornado Cash, and it is considered a fully decentralized protocol. The TORN token is an ERC-20 token with a fixed supply that allows for holders to make proposals and vote for changes within the protocol.