tornadocash
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đ¨ 30-Year Prison Sentence For Crypto Mixer Founder
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingovâs defense disputes the extent of his involvement, arguing that he wasnât responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidenceâsuch as server logs, private keys, and ledgersâwas never presented in court.
A Call for Fairness:
Sterlingovâs legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the governmentâs forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingovâs defense disputes the extent of his involvement, arguing that he wasnât responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidenceâsuch as server logs, private keys, and ledgersâwas never presented in court.
A Call for Fairness:
Sterlingovâs legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the governmentâs forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Tornado Cash attacker has submitted a proposal to give back the control of the sanctioned decentralized autonomous organizationâs control.#crypto2023 #tornadocash
đTornado Cash Co-Founder Arrested for Money Laundering to North Korea. âď¸
In a twist that even the wildest crypto tornado couldn't predict, the FBI and the IRS have swept up Roman Semenov, one of the masterminds behind Tornado Cash, for an alleged money laundering escapade to North Korea. đŞď¸đ°
Despite swirling allegations of aiding the infamous Lazarus Group, known for their virtual currency shenanigans, Semenov and his cohorts just couldn't resist keeping the crypto mixer spinning. The result? An epic storm of arrests and sanctions that'll make even Mother Nature jealous! đŠď¸đťđ¨
Remember, in the world of crypto, things can go from breezy to downright tempestuous in a flash! đŹď¸đĽ
#tornadocash #crypto2023 #crypto
In a twist that even the wildest crypto tornado couldn't predict, the FBI and the IRS have swept up Roman Semenov, one of the masterminds behind Tornado Cash, for an alleged money laundering escapade to North Korea. đŞď¸đ°
Despite swirling allegations of aiding the infamous Lazarus Group, known for their virtual currency shenanigans, Semenov and his cohorts just couldn't resist keeping the crypto mixer spinning. The result? An epic storm of arrests and sanctions that'll make even Mother Nature jealous! đŠď¸đťđ¨
Remember, in the world of crypto, things can go from breezy to downright tempestuous in a flash! đŹď¸đĽ
#tornadocash #crypto2023 #crypto
The hacker who hacked Tornado Cash laundered $900 thousand
The hacker who took control of Tornado Cash gave up control of this protocol. But used it to disguise the funds withdrawn in the attack
The hacker who seized control of cryptomixer Tornado Cash gave up control of the service. But he used the protocol to launder digital tokens from the attack. Thatâs what Bloomberg writes, citing data from research firm Nansen.
The Tornado Cash project was attacked on the morning of May 20. The attacker was able to gain full control of the cryptomixerâs control. He issued 483,000 native tokens of the TORN protocol. And that gave him a majority vote in the control system.
On May 26, the hacker offered to call off his attack and return control to the Tornado Cash community. But while the protocol was under his control, he exchanged most of his tokens for Ethereum coins. And then laundered about $900,000 in them through Tornado Cash.
Our experts note that the price of TORN was around $6.4 before the hack. By May 29, it was down to $4. According to CoinMarketCap, the token has fallen in price by 37% since the hack, and by 10% in the last 24 hours.
#tornadocash #torn #hacker #Binance #crypto
The hacker who seized control of cryptomixer Tornado Cash gave up control of the service. But he used the protocol to launder digital tokens from the attack. Thatâs what Bloomberg writes, citing data from research firm Nansen.
The Tornado Cash project was attacked on the morning of May 20. The attacker was able to gain full control of the cryptomixerâs control. He issued 483,000 native tokens of the TORN protocol. And that gave him a majority vote in the control system.
On May 26, the hacker offered to call off his attack and return control to the Tornado Cash community. But while the protocol was under his control, he exchanged most of his tokens for Ethereum coins. And then laundered about $900,000 in them through Tornado Cash.
Our experts note that the price of TORN was around $6.4 before the hack. By May 29, it was down to $4. According to CoinMarketCap, the token has fallen in price by 37% since the hack, and by 10% in the last 24 hours.
#tornadocash #torn #hacker #Binance #crypto
Binanceâs High-Risk Altcoin List
CryptosHeadlines.com - The Leading Crypto Research Network:
Binance will introduce the Seed Tag and Monitoring Tag on July 26, designed specifically for high volatility and high-risk tokens.
Binance, the worldâs largest cryptocurrency exchange, made new announcements, stating the launch of the Seed Tag and Monitoring Tag on July 26. These tags are designed for high volatility and high-risk tokens.
Binance announced that the Seed Tag will replace the Innovation Zone, introduced based on user feedback.
These specially designed tags are intended for high volatility and high-risk tokens, and users will need to pass an exam to trade tokens with these tags.
Binance has announced the launch of Seed and Tracking Tags on 26/07/2023, in response to community feedback about the difficulty of distinguishing tokens in the Innovation Zone and Main Trading Zone.
To access tokens marked with these tags, users must pass exams and accept the terms every 90 days on Binance Spot and/or Binance Margin platforms.
The tests aim to ensure users understand the risks associated with trading tokens labeled with Seed and Tracking Tags.
Binance will regularly review tagged tokens and update tags based on the latest findings.
A risk warning banner will be displayed for all tokens with Seed and Tracking Labels. The Seed Label will replace the Innovation Zone and apply to existing and future listings of innovative projects with potentially higher volatility and risk.
Binance will apply the Tracking Tag to numbered tokens, along with coining tags like Acropolis (AKRO), Ark (ARK), Cream Finance (CREAM), FTX Token (FTT), Tornado Cash (TORN), and Multichain (MULTI). These tokens are known for their notably higher volatility and risks compared to other listed altcoins.
Binanceâs new sticker app aims to offer users greater transparency and information about the risks linked to cryptocurrency investments. Additionally, Binance revealed its plan to list the first digital USD, First Digital USD (FDUSD), today.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#ftt #multichain #tornadocash #ark
Binance will introduce the Seed Tag and Monitoring Tag on July 26, designed specifically for high volatility and high-risk tokens.
Binance, the worldâs largest cryptocurrency exchange, made new announcements, stating the launch of the Seed Tag and Monitoring Tag on July 26. These tags are designed for high volatility and high-risk tokens.
Binance announced that the Seed Tag will replace the Innovation Zone, introduced based on user feedback.
These specially designed tags are intended for high volatility and high-risk tokens, and users will need to pass an exam to trade tokens with these tags.
Binance has announced the launch of Seed and Tracking Tags on 26/07/2023, in response to community feedback about the difficulty of distinguishing tokens in the Innovation Zone and Main Trading Zone.
To access tokens marked with these tags, users must pass exams and accept the terms every 90 days on Binance Spot and/or Binance Margin platforms.
The tests aim to ensure users understand the risks associated with trading tokens labeled with Seed and Tracking Tags.
Binance will regularly review tagged tokens and update tags based on the latest findings.
A risk warning banner will be displayed for all tokens with Seed and Tracking Labels. The Seed Label will replace the Innovation Zone and apply to existing and future listings of innovative projects with potentially higher volatility and risk.
Binance will apply the Tracking Tag to numbered tokens, along with coining tags like Acropolis (AKRO), Ark (ARK), Cream Finance (CREAM), FTX Token (FTT), Tornado Cash (TORN), and Multichain (MULTI). These tokens are known for their notably higher volatility and risks compared to other listed altcoins.
Binanceâs new sticker app aims to offer users greater transparency and information about the risks linked to cryptocurrency investments. Additionally, Binance revealed its plan to list the first digital USD, First Digital USD (FDUSD), today.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#ftt #multichain #tornadocash #ark
