February 25, 2024

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

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.