Tornado Cash Dev Supposedly Had Contacts With The FSB Of Russia
There are rumors that Tornado Cash, a well-known cryptocurrency mixing service, is connected to the Russian Federal Security Service (FSB).
According to Kharon, Dutch authorities detained a Tornado Cash developer who was purportedly a former FSB employee. The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury had placed sanctions on Tornado Cash before the developer was taken into custody.
Kharon also learned that Alexey Pertsev was the creator and CEO of PepperSEC as well as a smart contract developer for Digital Security OOO and an expert in information security. The United States Treasury determined that the latter had given the FSB “material and technological support.” The corporation assisted the spy agency in enhancing its cyber capabilities, according to the Treasury’s investigation.
The project introduced the Tornado Fund in an effort to further decentralize Tornado Cash. It has been noted that this fund is utilized to pay the programmers who created Tornado Cash. According to the announcement post, the fund’s goal was to aid in the creation of Tornado Cash Protocol version 3.
The study also states that more people are being investigated. It only states that multiple arrests are not ruled out but does not name these people.
At least $1 billion of the funds passing through Tornado Cash, according to the Dutch Fiscal Information and Investigative Service (FIOD), were of illicit origin.
Tornado Cash is the subject of several headlines – FSB
Because hacker groups use Tornado Cash to transfer money, it has been in the news. Following the U.S. Treasury’s sanction, GitHub terminated the accounts of three people who had contributed code to the project and deleted the source code and account for Tornado Cash. The withdrawal of the Tornado Cash software, according to certain forks of the program, is censorship and an insult to open source development.
Many countries are now focusing on Tornado Cash. For example, the American government has forbidden its citizens from using the mixing service.
Tornado Cash is a tool that many hackers use to disappear. Despite the fact that the site complied with regulations and blocked the specific Ethereum address, the Axie Infinity hacker laundered 7.5% of the stolen Ethereum through the service.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Tornado Cash Dev Supposedly Had Contacts With The FSB Of Russia
There are rumors that Tornado Cash, a well-known cryptocurrency mixing service, is connected to the Russian Federal Security Service (FSB).
According to Kharon, Dutch authorities detained a Tornado Cash developer who was purportedly a former FSB employee. The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury had placed sanctions on Tornado Cash before the developer was taken into custody.
Kharon also learned that Alexey Pertsev was the creator and CEO of PepperSEC as well as a smart contract developer for Digital Security OOO and an expert in information security. The United States Treasury determined that the latter had given the FSB “material and technological support.” The corporation assisted the spy agency in enhancing its cyber capabilities, according to the Treasury’s investigation.
The project introduced the Tornado Fund in an effort to further decentralize Tornado Cash. It has been noted that this fund is utilized to pay the programmers who created Tornado Cash. According to the announcement post, the fund’s goal was to aid in the creation of Tornado Cash Protocol version 3.
The study also states that more people are being investigated. It only states that multiple arrests are not ruled out but does not name these people.
At least $1 billion of the funds passing through Tornado Cash, according to the Dutch Fiscal Information and Investigative Service (FIOD), were of illicit origin.
Tornado Cash is the subject of several headlines – FSB
Because hacker groups use Tornado Cash to transfer money, it has been in the news. Following the U.S. Treasury’s sanction, GitHub terminated the accounts of three people who had contributed code to the project and deleted the source code and account for Tornado Cash. The withdrawal of the Tornado Cash software, according to certain forks of the program, is censorship and an insult to open source development.
Many countries are now focusing on Tornado Cash. For example, the American government has forbidden its citizens from using the mixing service.
Tornado Cash is a tool that many hackers use to disappear. Despite the fact that the site complied with regulations and blocked the specific Ethereum address, the Axie Infinity hacker laundered 7.5% of the stolen Ethereum through the service.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
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