A UK-led investigation has dismantled a crypto laundering network involving Russian spies and European drug traffickers across 30 countries, used to evade sanctions.
A Reuter's report has revealed that North Korean hackers laundered $147.5 million in cryptocurrencies using Tornado Cash in March.
North Korea allegedly used the Tornado Cash platform to launder $148 million stolen from a cryptocurrency exchange in March, demonstrating its ability to bypass international sanctions.
Tornado Cash developer Alexey Pertsev has been convicted of laundering $1.2 billion through the crypto mixer and sentenced to 64 months in prison by a Dutch court.
Alexey Pertsev, developer of Tornado Cash, has been sentenced to 64 months for laundering $1.2 billion in cryptocurrency using the platform.
Poloniex, a cryptocurrency exchange, has been hacked, with the hacker laundering $308K in Ethereum (ETH) via Tornado Cash.
