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True Crime

Eugene

(65,777 posts)

1. Dutch arrest man linked to currency mixer Tornado Cash

Reply to Eugene (Original post)

Tue Aug 16, 2022, 02:09 PM

Aug 2022

Source: Associated Press

Dutch arrest man linked to currency mixer Tornado Cash

August 13, 2022

THE HAGUE, Netherlands (AP) — Dutch financial prosecutors say they detained a man suspected of involvement in “concealing criminal financial flows and facilitating money laundering” through the virtual currency mixer Tornado Cash.

The 29-year-old man was arrested Aug. 10 in Amsterdam, the financial prosecution service FIOD said in a statement Friday. The suspect’s identity was not released, in line with Dutch privacy regulations.

Mixing services combine various digital assets, including potentially illegally obtained funds and legitimately obtained funds, so the holders of illegally gained assets can obscure the origin of stolen funds.

FIOD’s Financial Advanced Cyber Team launched an investigation into Tornado Cash in June.

-snip-

Read more: https://apnews.com/article/sacred-rivers-technology-arrests-netherlands-17e2dfdb6c856f08d0dd914a8f944faf

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