Dutch financial crime authorities have arrested a man suspected of helping to develop Tornado Cash, thecrypto mixing service placed under sanctions by the US for alleged money laundering. The arrest by the Fiscal Information and Investigation Service (FIOD) was announced on Friday, but the agency said it took place on Wednesday in Amsterdam.
Can a third-party control tornado cash?
Roman Semenov says Tornado Cash is designed so a third-party can’t control it. Neha will join CoinDesk's Michael Casey for "Remember Why We're Here: Crypto's True Purpose." The co-founder of Ethereum’s best-known coin mixing service says that privacy protocols are defending people’s rights to financial privacy.
Is tornado cash letting users launder billions of dollars in virtual currency?
The U.S. government has accused Tornado Cash of letting users launder billions of dollars in virtual currency. Photo: Luke MacGregor/Bloomberg News
What is a cryptocurrency mixer & how does it work?
Cryptocurrency mixers aim to make it harder to track individual transactions by mixing the source funds with other funds, resulting in an amalgamated deposit that is more difficult to trace. Let's look at how this would work with bitcoin.
