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Tornado Cash developer Alexey Pertsev has been accused of laundering $1.2 billion of illicit funds through the OFAC-sanctioned platform, as per the latest report.
Since his arrest in August 2022, Pertsev has dismissed the allegations of breaching money laundering laws. The latest indictment from the Netherlands claims that Pertsev was involved in money laundering on Tornado Cash, referring to over 30 transactions conducted on the platform that were deemed illegal.Pertsev is currently awaiting trial in the Netherlands, which is scheduled for March 26, on charges related to money laundering and additional financial offenses.
This included $455 million suspected to have been pilfered in 2022 by the Lazarus Group, a notorious hacking entity linked to the North Korean government. In addition to Pertsev, another Tornado Cash developer, Roman Storm, was accused of laundering more than $1 billion in illicit proceeds shortly thereafter.One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
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