Tornado Cash Developer Alexey Pertsev to Remain in Dutch Prison The Dutch court has ruled that Alexey Pertsev, the Tornado Cash developer convicted of money laundering, will remain in prison as he prepares his appeal. Pertsev was sentenced to over five years in prison for laundering $2.2 billion in stolen and hacked crypto through the Tornado Cash crypto mixer. His defense lawyers argued that he is not a flight risk and needs internet access to prepare for his appeal trial.

PANews reported on June 14th that according to Beosin, the Holograph protocol was attacked this morning, and hackers minted 1 billion $HLG tokens. Some $HLG has been converted to $USDT and transferred to the address acc01ade.eth. The address then exchanged $1.3 million of $USDT for over 300 $ETH and dispersed these ETH to four addresses. A small portion of the funds was deposited into the Tornado Cash and Railgun anonymous coin mixing services.

Tornado Cash Dev Alexey Pertsev Appeals Money Laundering Conviction Alexey Pertsev, developer of crypto mixer Tornado Cash, has filed an appeal with the s-Hertogenbosch court of appeal after being found guilty of money laundering. The first hearing may take several months, and it is unclear if the appeal has been approved. Pertsev, who received a 64-month jail sentence, has the option to request to await the appeal trial at home but has already begun serving his prison time

PANews May 14th news, according to DL News, on Tuesday, three judges in the Netherlands ruled that Tornado Cash developer Alexey Pertsev is guilty of laundering 1.2 billion dollars of illegal assets on the cryptocurrency mixer platform Tornado Cash. It is expected that the group will sentence Pertsev on Tuesday. Pertsev's lawyer will have 14 days to appeal the judge's decision.

Coindegraph reported that due to recent actions taken by US regulatory agencies against Metamask creator Consensys and cryptocurrency mixer Samourai wallet, Acinq's Bitcoin wallet Phoenix and Wasabi wallet (zkSNACKs) have decided to stop serving US customers. Both companies are concerned about whether self-hosted wallet providers are considered legitimate currency service businesses. Acinq has requested that Phoenix wallet users deplete their funds and adapt to the changes by May 2nd.

The US Department of Justice on Friday rejected Roman Storm's motion to dismiss criminal charges against Tornado Cash developer Roman Storm, stating that the defense document raised disputed facts that should be weighed by a jury rather than argued in a motion at an early stage. The US Department of Justice previously accused Storm and his accomplice Roman Semenov of conspiring to launder money, operate an unlicensed money transmission business, and violate sanctions laws through the creation and operation of Tornado Cash, an encrypted mixing service designed for anonymous transactions. The US Department of Justice also accused Lazarus Group from North Korea and other criminal entities of money laundering through Tornado Cash. According to reports, lawyer Roman Storm filed a motion to dismiss the complaint at the end of March, arguing that Tornado Cash is not a custodial mixing service and does not meet the definition of "financial institution". Roman Storm cannot control or prevent the use of this service by organizations such as Lazarus. In the documents filed on Friday, the U.S. Department of Justice questioned the defense's description of Tornado Cash, stating that it was announced as a mixer in 2019, and the entire service includes a website, user interface, a set of smart contracts, and a "relay network".

coin Jiejie.com reported: The FBI recently warned Americans not to use unregistered Crypto Assets money transfer services, which may be long wick candle smart contracts-driven privacy tools. In an April 25 public service announcement, the bureau urged people to only use registered services businesses that comply with existing KYC and AML laws. The warning appears to be a long wick candle to a widespread call for privacy tools like encryption hybrid services, although the details are unclear.

coin Lazarus Group, a North Korean Hacker group, recently launched an attack on the Bitcoin market in long wick candle, using LinkedIn penetration tactics to contact human resources personnel and hiring managers of Blockchain organizations. The action has raised concerns about the North Korean government's attempts to fund its weapons of mass destruction program through illegal means. According to a UN panel of experts, 40 per cent of the country's weapons of mass destruction (WMD) programs are funded by "illicit cyber means," and the Lazarus Group is a key player in these operations. Security authorities in the United States and its allies are concerned that North Korea's state-sponsored malware programs could seriously jeopardize national security. The international community has responded to North Korea's illegal actions, including sanctions against Crypto Assets mixer Sinbad.

coin The U.S. Department of Justice (DOJ) announced the arrest of Keonne Rodriguez and William Hill, co-founders of Samourai Wallet, who have been charged with Money Laundering in illegal transactions involving more than $2 billion. Rodriguez was arrested in Pennsylvania and Hill was arrested in Portugal. The United States will also seek Hill's extradition. In addition, Iceland has confiscated the company's servers and domain names, and the Google Play Store has stopped offering its apps. The investigation also involved the IRS and the FBI.

PANews News on February 18, according to DL News, Chainalysis said in its annual report that the Bitcoin mixer YoMix has become the first choice for the notorious North Korean Lazarus Hacker group to Money Laundering stolen Crypto Assets. Last year's Crypto Assets Money Laundering activity fell to $22.2 billion from $31.5 billion in 2022 due to sanctions or closures on hybrid services Tornado Cash and Sinbad. Part of the decline may be attributed to the overall decline in Crypto Assets trading volume during the 2023 market downturn. However, Money Laundering fell even more, reaching 29.5 per cent, while total transaction volume fell by 14.9 per cent. Despite this, YoMix has achieved tremendous growth in 2023, with inflows increasing more than fivefold throughout the year. "About one-third of YoMix inflows come from wallets linked to crypto hacks," Chainalysis said. The development of YoMix and Lazarus Group's favour of it is a good example of the ability of seasoned players to adapt and find alternative mixing services when previously popular mixing services are shut down. North Korea-linked hackers also used different camouflage techniques to transfer Crypto Assets between different Blockchain networks by using Cross-Chain Interaction bridges.

Golden Finance reported that Arkham data showed that FTX Hacker transferred another $12 million worth of Bitcoin this morning. Depending on the previous transfer model, the funds will most likely be deposited into a Crypto Assets mixer. The last time the Hacker transferred Bitcoin on Jan. 6, it had mixed more than $600 million in Bitcoin. At present HackerAddress has transferred almost all of the stolen Bitcoin out of his known account, and the Address balance is only 1.5 Bitcoin.

Arkham monitoring data shows that FTX attackers mixed $7.3 million worth of Bitcoin today. He currently mixes about 60% of the original stolen assets, which are worth more than $600 million at today's prices. The FTX attackers initially bridged 4,540 BTC via Ren Protocol in late November 2022, with a total value of about $75 million at the time. However, the price of BTC has almost tripled over the past year, meaning that this amount is now worth more than $185 million. In addition, in October 2023, he exchanged $142 million in ETH for BTC through Thorchain and immediately deposited it into the mixer. If converted at the market Exchange Rate and held in BTC, this amount is now worth more than $220 million. In total, the FTX attackers mixed a total of more than $400 million in BTC.

Crypto Mixer Sinbad Seized and Sanctioned for Laundering Stolen Funds The FBI and Dutch authorities have seized the websites of Sinbad, a crypto mixer allegedly used by North Korean hackers and cybercriminals to launder stolen funds. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Sinbad for serving as a key money-laundering tool for the Lazarus Group, responsible for high-profile hacks. Sinbad processed millions of dollars' worth of virtual currency from Lazarus Group heists, including proceeds from the Horizon Bridge and Axie Infinity hacks

On November 21, it was reported that the Blockchain Association (Blockchain Association) provided new support for six plaintiffs suing the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) for sanctions against the coin mixer Tornado Cash, and it argued in an amicus brief submitted to the U.S. Court of Appeals that OFAC's decision to approve the privacy agreement was not only unlawful, but also exceeded its statutory authority, and was both "arbitrary and capricious" and violated the U.S. Constitution.

Tornado Cash Users Appeal Treasury Decision to Sanction the Crypto Mixer A group of Tornado Cash users has filed an appeal in federal court after the United States Treasury Department sanctioned the cryptocurrency mixer. The plaintiffs argue that the Treasury exceeded its authority and that Tornado Cash transactions should not be subject to sanctions. The appeal challenges the Treasury's definition of "property" and "interest" in relation to smart contracts.