Alleged Tornado Cash developer arrested in Amsterdam

Illustration by Alex Castro / The Verge

A 29-year-old man has been arrested in Amsterdam for his suspected involvement in the development of Tornado Cash — a crypto mixer service that was banned earlier this month by the US Department of the Treasury for its role in laundering money from large-scale hacking operations, including those linked to state-sponsored North Korean cybergangs.

News of the arrest was announced by the Netherlands’ Fiscal Information and Investigation Service (FIOD), which investigates financial crime in the country. FIOD said the individual is “suspected of involvement in concealing criminal financial flows and facilitating money laundering,” and that “multiple arrests are not ruled out” as investigations into Tornado Cash continue. The suspect is due…

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Author: James Vincent