A suspected Tornado Cash developer has been arrested in the Netherlands days after the US sanctioned the cryptocurrency service for helping cybercriminals launder millions in funds.
On Friday, the Netherlands' Fiscal Information and Investigation Service (FIOD) announced(Opens in a new window) it had arrested a 29-year-old developer for Tornado Cash, which supplied a way for cryptocurrency users to anonymize their Ethereum transactions.
FIOD said the unnamed developer was arrested for his alleged “involvement in concealing criminal financial flows and facilitating money laundering” through Tornado Cash.
The government agency further warned: “Multiple arrests are not ruled out. These advanced technologies, such as decentralized organizations that may facilitate money laundering are receiving extra attention from the FIOD.” In addition, the agency said it launched a criminal investigation into Tornado Cash back in June.Read more on pcmag.com