Tornado Cash Founders Indicted for Alleged Anti-Money Laundering Violations, Face Up to 25 Years in Prison

08/26 00:30

The founders of privacy protocol Tornado Cash are facing up to 25 years in prison as they have been indicted for alleged violations of anti-money laundering laws. The indictments come a year after Tornado Cash faced sanctions for assisting North Korean hackers in laundering stolen cryptocurrency. The founders had reportedly considered implementing know-your-customer (KYC) and anti-money laundering procedures into the protocol but failed to take sufficient action.

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