Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Tornado Cash Co-Founder Sentenced

May 15, 2024
Reading Time: 2 mins read
in News
Tornado Cash Co-Founder Sentenced

A Dutch court sentenced a co-founder of Tornado Cash, a cryptocurrency mixer service, to 5 years and 4 months in prison for his involvement in facilitating money laundering. The defendant, Alexey Pertsev, was arrested in Amsterdam in August 2022 after the U.S. Treasury Department sanctioned the service for aiding malicious actors in laundering their proceeds.

Despite Pertsev’s claim that Tornado Cash aimed to provide a legitimate solution for privacy needs in the crypto community, the court found that the service lacked sufficient mechanisms to prevent abuse. The court highlighted that Tornado Cash failed to pose barriers to criminals looking to launder their assets, leading to the guilty verdict.

Tornado Cash operated as a decentralized crypto mixer, allowing users to obscure the transaction trail of both legal and illegal funds. The service’s failure to implement Know Your Customer (KYC) or anti-money laundering (AML) programs, as required by U.S. federal law, further contributed to its criminal activities.

This case has ignited a broader debate between privacy advocates and government authorities regarding the regulation of anonymity tools in the digital sphere. While some argue for the protection of privacy-enhancing technologies, governments aim to curb the exploitation of unregulated platforms by criminals for illicit purposes.

Reference:
  • Dutch Court Sentences Tornado Cash Co-Founder to 5-Year Prison Term
Tags: CourtCryptocurrenciesCyber NewsCyber News 2024Cyber threatsCybersecurityDutchMay 2024Tornado Cash
ADVERTISEMENT

Related Posts

Kirsten Davies Nominated as Pentagon CIO

Kirsten Davies Nominated as Pentagon CIO

May 8, 2025
China’s Cyber Power Raises UK Concerns

China’s Cyber Power Raises UK Concerns

May 8, 2025
Europol Takes Down Global DDoS Services

Europol Takes Down Global DDoS Services

May 8, 2025
Nomad Thief Arrested for Role in Crypto Hack

NATO Hosts Locked Shields 2025 Cyber Defense

May 7, 2025
Nomad Thief Arrested for Role in Crypto Hack

NSO Group to Pay $167 Million to WhatsApp

May 7, 2025
Nomad Thief Arrested for Role in Crypto Hack

Nomad Thief Arrested for Role in Crypto Hack

May 7, 2025

Latest Alerts

CoGUI Targets Consumer and Finance Brands

COLDRIVER Hackers Target Sensitive Data

Cisco Fixes Flaw in IOS Wireless Controller

New OttoKit Flaw Targets WordPress Sites

Mirai Botnet Exploits Vulnerabilities in IoT

Critical Kibana Flaws Allows Code Execution

Subscribe to our newsletter

    Latest Incidents

    Masimo Cyberattack Disrupts Manufacturing

    Cyberattack Targets Tepotzotlán Facebook

    West Lothian Schools Hit by Ransomware

    UK Legal Aid Agency Faces Cyber Incident

    South African Airways Hit by Cyberattack

    Coweta County School System Cyberattack

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial