Cash Developer Arrested In The Netherlands


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May 15, 2016
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The detainee is suspected of concealing criminal cash flows and facilitating money laundering.


The Dutch Financial Crimes Enforcement Agency (FIOD) in Amsterdam has arrested a 29-year-old programmer. The young man is suspected of involvement in money laundering through the Tornado Cash cryptomixer.

“Multiple arrests are not ruled out,” the organization said in a statement.

FIOD launched an investigation into Tornado Cash in June. There is a suspicion that Tornado Cash was used to hide large-scale criminal cash flows, including from the theft of cryptocurrencies.

According to the investigation, at least $1 billion worth of cryptocurrencies of criminal origin passed through the mixer.

The Tornado Cash project hides information about Ethereum transactions by combining a large number of transactions and mixing them to protect against tracking in the public blockchain network.

Tornado Cash was sanctioned by the US Department of the Treasury along with many addresses associated with the service. US authorities claim that the platform was used to launder illegal crypto assets. Jake Chervinsky, a lawyer and head of policy at the Blockchain Association, said he spent a week looking into the sanctions imposed on Tornado Cash, but "so far have not heard a satisfactory rationale" for such actions.
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