Tornado Cash conspiracy case overview:
- Who: The Manhattan U.S. attorney’s office has charged Tornado Cash owners Roman Storm and Roman Semenov of laundering more than $1 billion as part of a conspiracy with North Korea.
- Why: The government claims Storm and Semenov made millions of dollars by working with a North Korean cybercrime organization known as the Lazarus Group, which the pair are alleged to have laundered hundreds of millions of dollars for.
- Where: The case is in New York federal court.
The government has charged two proprietors of the crypto transfer service Tornado Cash with conspiring with the country of North Korea to launder money as part of a $1 billion conspiracy scheme.
The Manhattan U.S. attorney’s office charged Roman Storm and Roman Semenov with money laundering conspiracy, and conspiracy to violate U.S. sanctions targeting North Korea, among other things.
Storm, who was taken into custody earlier this week, and Semenov, who remains at large, are accused of making millions of dollars by allegedly working with the North Korean hacking group the Lazarus Project.
In a statement, Manhattan U.S. Attorney Damian Williams said Storm and Semenov “knowingly facilitated” money laundering in excess of more than $1 billion in criminal proceeds and worked with North Korea in an alleged violation of U.S. sanctions.
“While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew that they were helping hackers and fraudsters conceal the fruits of their crimes,” Williams said.
Tornado Cash owners laundered hundreds of millions of dollars for North Korean hacking group, says government
Storm and Semenov are accused of using Tornado Cash — a crypto transfer business enabling secretive transactions — to facilitate more than $1 billion in money laundering transactions from 2019 to 2022.
As part of their alleged scheme, Storm and Semenov laundered hundreds of millions of dollars for the Lazarus Group, according to the government.
“Those charged today engaged in a conspiracy to launder money for cybercriminals, including for a North Korean cybercrime organization seeking to evade sanctions,” FBI Director Christopher A. Wray said, in a statement.
Tornado Cash was banned by the U.S. Treasury Department and the Office of Foreign Assets Control last August after the Treasury claimed North Korean hackers used the mixing service to launder crypto funds that were stolen during a cyberattack.
Do you believe Tornado Cash was used to launder money for North Korea? Let us know in the comments!
The government is represented by Thane Rehn and Benjamin Gianforti of the U.S. Attorney’s Office for the Southern District of New York.
The Tornado Cash conspiracy case is U.S. v. Storm, et al., Case No. 23-cr-430, in the U.S. District Court for the Southern District of New York.
Don’t Miss Out!
Check out our list of Class Action Lawsuits and Class Action Settlements you may qualify to join!
Read About More Class Action Lawsuits & Class Action Settlements:
3 thoughts onTornado Cash founders charged with $1B conspiracy to aid North Korea
Hi My name is Mona. I just want to share my experience with the world on how I got my love back and saved my marriage… I was married for 7 years with 4 kids and we lived happily until things started getting ugly and we had fights and arguments almost every time… it got worse at a point that he filed for divorce… I tried my best to make him change his mind & stay with me cause I loved him with all my heart and didn’t want to lose him but everything just didn’t work out… he moved out of the house and still went ahead to file for divorce… I pleaded and tried everything but still nothing worked. The breakthrough came when someone introduced me to this wonderful, great spell caster Dr Zuma, who eventually helped me out… I have never been a fan of things like this but just decided to try reluctantly cause I was desperate and left with no choice… He did special prayers and cast a love spell on him. Within 24hours he called me and was sorry for all the emotional trauma he had cost me, he moved back to the house and we continue to live happily, the kids are happy too and we are expecting our fourth child… I have introduced him to a lot of couples with relationship problems across the world and they have had good news… Just thought I should share my experience cause I strongly believe someone out there needs it… You can contact him on spiritualherbalisthealing @gmail.com
Hello, I was a scam victim, I lost a lot of money up to $170,000 I would like to express my gratitude to Innovations recovery Analyst for their exceptional assistance in recovering my funds from a forex broker. Their expertise and professionalism in navigating the complex process were truly commendable. Through their guidance and relentless efforts, I was able to successfully recover my funds of $170,000, providing me with much-needed relief. I highly recommend them on – INNOVATIONSANALYST @ GMAIL . COM to anyone facing similar challenges, as their dedication and commitment to helping clients are truly impressive
bitcoin scam
I fell for a scam broker, and lost a lot of money. I searched for a way to retrieve my lost money back and I got a recommendation of Expert Bernie Doran. Their expertise and professionalism in navigating the complex process were truly commendable. I have been able to recover all my lost crypto/funds and made $10,000 – $20,000 profits not just by buying the dip but implementing trades with signals supplied by Expert Mr Bernie Doran, I am glad I was able to recover my lost funds successfully . He can be reached on TELEGRAM – IEBINARYFX or Gmail Berniedoransignals @ gmail. com