Was tornado Cash co-founder Roman storm charged with money laundering?

Also Wednesday, the Justice Department unsealed an indictment charging Semenov and Tornado Cash co-founder Roman Storm with conspiracy to commit money laundering, operating an unlicensed money transmitting business and other crimes. Storm was arrested Wednesday by federal officials.

Who stole $455 million from tornado cash?

The charges derived from Tornado Cash operating a platform that had over $1 billion in alleged money laundering transactions, the SDNY said. That includes over $455 million stolen by the Lazarus Group, a North Korean cybercrime organization, according to a last year from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).

Who is storm & how did he get arrested?

Storm was arrested Wednesday by federal officials. Tornado Cash and other mixing services combine various digital assets, including potentially illegally obtained funds with legitimately obtained funds, so that illegal actors can obscure the origin of the stolen funds.

What is tornado cash?

Tornado Cash is a so-called “mixer,” a privacy service meant to obscure the trail of ownership for cryptocurrency that passes through it. The mixer “knowingly violated” US sanctions and “laundered more than $1 billion in criminal proceeds,” according to a statement from US Attorney Damian Williams.