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 <p class="is-style-lead">United States prosecutors have leveled charges against Tornado Cash co-founders Roman Storm, Roman Semenov, and Alexey Pertsev, for their involvement in allowing criminals <a rel="noopener noreferrer nofollow" title="launder" href="https://thebittimes.com/tag/launder.html">launder</a> millions of dollars worth of stolen crypto.</p> 
 <p>Roman Storm, a co-founder of the decentralized crypto mixing protocol Tornado Cash, has entered a plea of not guilty to charges of money <a rel="noopener noreferrer nofollow" title="laundering" href="https://thebittimes.com/tag/laundering.html">laundering</a> and conspiracy. </p> 
 <p>These charges allege his involvement in <a rel="noopener noreferrer nofollow" title="laundering" href="https://thebittimes.com/tag/laundering.html">laundering</a> $1 billion in stolen digital assets for North Korean <a rel="noopener noreferrer nofollow" title="hackers" href="https://thebittimes.com/tag/hackers.html">hackers</a>. Additionally, he has pleaded not guilty to charges of evading sanctions and conspiring to operate as a money transmitter.</p> 
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 <p>Federal prosecutors agreed to a $2 million bond, according to InnerCityPress.</p> 
 <p>Storm’s Russian passport was seized and he is prohibited from traveling outside Central California, New Jersey, the Southern and Eastern Districts of New York, and the Western District of Washington.</p> 
 <p>The developer, along with his co-founder Roman Semenov, was arrested on August 23. Both are behind Tornado Cash, a crypto mixer.</p> 
 <p>According to the United States Department of Justice’s indictment, the two knowingly permitted criminals to use their Ethereum-based tool. </p> 
 <p>Tornado Cash allow users anonymize transactions, making it more challenging to trace crypto assets obtained through illegal means.</p> 
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 <p>Dutch authorities apprehended Alexey Pertsev, a co-founder and fellow developer of Tornado Cash, in August 2022 for his involvement with the cryptocurrency tumbler.</p> 
 <p>After spending nearly nine months in jail, Pertsev was subsequently released on home arrest pending trial.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">Sorry I was afk for a while, what did I miss? </p>— Alexey Pertsev (@alex_pertsev) April 28, 2023 
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 <p>US sanctions on Tornado Cash and charges against its prominent figures spurred debates over whether developers should be held liable for third-party use of their software.</p> 
 <p>In another related case, District Judge Katherine Polk Failla ruled against a class action lawsuit seeking to hold Uniswap, decentralized finance (defi) exchange, responsible for losses incurred from trading scam tokens.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tornado-cash-creators-deny-laundering-1b-for-north-korea-hackers-tbt61818.html">https://thebittimes.com/tornado-cash-creators-deny-laundering-1b-for-north-korea-hackers-tbt61818.html</a></p>

Tornado Cash creators deny laundering $1b for North Korea hackers

TheBitTimes

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