Who is tornado cash developer arrested in Amsterdam?

On Friday the investigative service of the Dutch tax authorities announced the arrest in Amsterdam of a 29-year-old man who they believe is a developer for Tornado Cash, a crypto mixing service that the US sanctioned earlier in the week. The US Treasury Department announced sanctions against the service on Monday.

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.

Who is tornado cash developer Alexey Pertsev?

Social media speculation that the developer was Alexey Pertsev was subsequently confirmed by his wife, according to a report by The Block. Tornado Cash is an Ethereum blockchain-based crypto mixing service that allows users to gain a cloak of anonymity when transferring crypto assets.

Is tornado cash on the US sanctions list?

The move comes just days after the US put Tornado Cash on its sanctions list. On Friday the investigative service of the Dutch tax authorities announced the arrest in Amsterdam of a 29-year-old man who they believe is a developer for Tornado Cash, a crypto mixing service that the US sanctioned earlier in the week.