Tornado Cash Founders Storm, Semenov Charged by US in Money Laundering Scheme
- One man arrested in Washington state, another is a fugitive
- Founders helped North Korea launder money, US prosecutors say
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Two founders of Tornado Cash, a cryptocurrency mixing service that has been under scrutiny by various US agencies for more than a year, were charged with helping launder more than $1 billion for clients that included a North Korean cybercrime organization.
Roman Storm and Roman Semenov were charged with conspiring to launder money, violate US sanctions and operate an unlicensed money-transmitting business. Tornado Cash claimed to provide untraceable and anonymous financial transactions using a cryptocurrency.