US charges founders of crypto mixer with enabling North Korean money laundering



News US charges founders of crypto mixer with enabling North Korean money laundering Washington previously sanctioned Tornado Cash for facilitating DPRK cybercriminals’ efforts to cash out stolen assets Shreyas Reddy August 24, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON An illustration of bitcoin tokens being mixed \| Image: NK News The U.S. charged the co-founders of a blacklisted cryptocurrency mixer with facilitating North Korean money laundering and sanctions violations on Wednesday, while announcing new designations against one of them. A New York court indicted Russian national Roman Semenov and U.S. national Roman Storm for their involvement with Tornado Cash, a virtual currency mixer that has allegedly enabled North Korea’s Lazarus Group threat group to launder hundreds of millions in stolen cryptocurrency, the Department of Justice stated in a press release. The U.S. charged the co-founders of a blacklisted cryptocurrency mixer with facilitating North Korean money laundering and sanctions violations on Wednesday, while announcing new designations against one of them. A New York court indicted Russian national Roman Semenov and U.S. national Roman Storm for their involvement with Tornado Cash, a virtual currency mixer that has allegedly enabled North Korea’s Lazarus Group threat group to launder hundreds of millions in stolen cryptocurrency, the Department of Justice stated in a press release. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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US charges founders of crypto mixer with enabling North Korean money laundering

Washington previously sanctioned Tornado Cash for facilitating DPRK cybercriminals’ efforts to cash out stolen assets

Shreyas Reddy August 24, 2023

US charges founders of crypto mixer with enabling North Korean money laundering

An illustration of bitcoin tokens being mixed | Image: NK News

The U.S. charged the co-founders of a blacklisted cryptocurrency mixer with facilitating North Korean money laundering and sanctions violations on Wednesday, while announcing new designations against one of them.

A New York court indicted Russian national Roman Semenov and U.S. national Roman Storm for their involvement with Tornado Cash, a virtual currency mixer that has allegedly enabled North Korea’s Lazarus Group threat group to launder hundreds of millions in stolen cryptocurrency, the Department of Justice stated in a press release.

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