@logfiles. They might be also conspiring to criminalize the cryptospace users' right to self custody their cryptocoins and tokens anonymously. They will remove you of this right by forcing you to submit your identification and KYC your wallet. I reckon everyone should begin to buy Monero and other anonymous coins.
In any case after Tornado Cash, it is Telegram. The CEO of Telegram Pavel Durov has been arrested in France. The case against him is Telegram is being used for criminality. I shake my head, should the manufacturer of the device where Telegram was installed not also be arrested? The dangerous precedent has begun.
Topic: Tornado cash founders charged with money laundering/sanctions violations - page 2. (Read 1406 times)
August 26, 2024, 08:18:46 PM
May 18, 2024, 06:54:19 PM
This is idiotic because they blame him on the usage of the people who have used Tornado Cash. This has created a dangerous precedent on anonymous coins, tools and projects in the cryptospace. It also appears that the developer can be charged for the crimes that another person has done. Does this imply that if a terrorist used a Nokia cellphone to detonate bombs, Nokia is also implicit to the crime? A very headshaking argument.
The system is rigged. It's all hell-bent towards criminalizing crypto or anything that respects or encourages user financial privacy and freedom. It's stupid how they use the excuse of anonymous transactions getting used to "finance" terrorism yet the very hypocrites like the US openly finance terrorism under the guise of weapon aid to their allies using tax payers money.Another lesson to learn is to completely go anonymous when creating tools that anonymize other users or enhance their privacy. It makes no sense if you are to develop a tool that enhances user privacy, yet you are out there in the open known by those Government blood suckers. They will dump all their shame and anger on that one person who created the tool once they land on him/her.
May 18, 2024, 02:45:18 AM
Here is an update.
Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion.
It is really idiotic to punish the developer, while the co-founder was declared not guilty.
Well, the problem is that the developers probably didn't have a good lawyer or they're so bad at answering questions during the court proceedings that could've lead to what happened to them, the Jury system is a really biased system so you'll have to expect that this will happen every time, maybe there's also the fact that the co-founder's got some good friends in high places that could've led to this verdict, I mean that's the only that this could've happened. Or they probably have this argument that the developers were the ones that were responsible for making the service and the code that made it so effective and so in a way they did have a heavier contribution to the money laundering but then again, that's a flimsy argument so the possibility is that Pertsev got some bad lawyers or there's more that's not mentioned on this update or in the news. Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion.
It is really idiotic to punish the developer, while the co-founder was declared not guilty.
May 17, 2024, 11:35:33 PM
It is really idiotic to punish the developer, while the co-founder was declared not guilty.
This is idiotic because they blame him on the usage of the people who have used Tornado Cash. This has created a dangerous precedent on anonymous coins, tools and projects in the cryptospace. It also appears that the developer can be charged for the crimes that another person has done. Does this imply that if a terrorist used a Nokia cellphone to detonate bombs, Nokia is also implicit to the crime? A very headshaking argument.
May 15, 2024, 12:45:54 PM
Here is an update.
Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion.
It is really idiotic to punish the developer, while the co-founder was declared not guilty.
Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion.
It is really idiotic to punish the developer, while the co-founder was declared not guilty.
Quote
Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion in illicit funds using the sanctioned crypto mixer.
Pertsev, a 31-year-old Russian living in the Netherlands, was sentenced to 64 months in prison by a Dutch court. His lawyers can appeal the decision within 14 days.
https://cryptopotato.com/tornado-cash-developer-found-guilty-of-laundering-1-2-billion-in-illicit-funds/ Pertsev, a 31-year-old Russian living in the Netherlands, was sentenced to 64 months in prison by a Dutch court. His lawyers can appeal the decision within 14 days.
May 09, 2024, 04:50:02 PM
Tornado Cash is still in operation, at least that's how the authorities serve us.
Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash
It will always be in operation so long as Ethereum network/BSC etc is/are working, or the liquidity is there.Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash
Quote
Will they (TC founders) also be responsible for the transactions carried out through Tornado Cash, even though they are in prison and have no influence or benefit from these transactions?
Based on the stupid logic of the Government, I suppose they will. May 08, 2024, 02:33:33 PM
Tornado Cash is still in operation, at least that's how the authorities serve us.
Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash
Will they (TC founders) also be responsible for the transactions carried out through Tornado Cash, even though they are in prison and have no influence or benefit from these transactions?
If it's any consolation, there's hope because Roman Storm (Tornado Cash Co-Founder) has reportedly pleaded ‘not guilty’ to money laundering and other charges.
btw. Anyone can give support to Alexey Pertsev on freealex.nl
Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash
Will they (TC founders) also be responsible for the transactions carried out through Tornado Cash, even though they are in prison and have no influence or benefit from these transactions?
Alexey Pertsev will be sentenced on May 14. The verdict of this might become a precedent for other decentralized mixers and privacy coins.
I see that some were encouraged to say a word against this process linkIf it's any consolation, there's hope because Roman Storm (Tornado Cash Co-Founder) has reportedly pleaded ‘not guilty’ to money laundering and other charges.
btw. Anyone can give support to Alexey Pertsev on freealex.nl
May 07, 2024, 09:57:10 PM
@everyone. If you have followed this news and have stopped, I reckon that you should start following this news again and share every information you can find. Alexey Pertsev will be sentenced on May 14. The verdict of this might become a precedent for other decentralized mixers and privacy coins. A guilty verdict will imply that all privacy in the cryptospace is a crime. I speculate next they will go after self custody. It will be a very headshaking time for the cryptospace.
April 22, 2024, 01:49:24 AM
Today I received mail that Binance enabled my withdrawal for cryptocurrency. But they are temporarily restricted from using their platforms for trading and p2p trading.
That is good news for you, i am sure they didn't find a way to 'steal' your coins from their investigations, and this is why they have released it to you. Since they allowed you to withdraw your coins, i believe they would also remove the restriction on your account after sometime, but they may keep a close eye on your account from now on.I am going to withdraw all the funds into a hardware wallet
Much better, nothing's better that being in control of your funds, safely in an offline device. Though if you are an active trader, you still need to trade on centralized exchanges, but you would only move small amounts into their platform for trading. April 21, 2024, 02:32:06 PM
No, it wasn't directly from the mixer. My clients mixed and received his address. Then he sent it to my Binance. I have provided a screenshot where I talked about sending funds to my clients. So the fund was from my client's address, not from Mixer.
That is surprising, as far as i know or thought i did, centralized exchanges wouldn't ask for verification on the source of funds if after mixing you go through a few hops before depositing it into their platform. In this case it was from tornado cash -> wallet -> binance, i would think that would have been enough, but maybe the client should have gone through a few more hops. However, goodluck and i hope you get a good resolution with binance. April 21, 2024, 02:49:55 AM
No, it wasn't directly from the mixer. My clients mixed and received his address. Then he sent it to my Binance. I have provided a screenshot where I talked about sending funds to my clients. So the fund was from my client's address, not from Mixer.
That is surprising, as far as i know or thought i did, centralized exchanges wouldn't ask for verification on the source of funds if after mixing you go through a few hops before depositing it into their platform. In this case it was from tornado cash -> wallet -> binance, i would think that would have been enough, but maybe the client should have gone through a few more hops. However, goodluck and i hope you get a good resolution with binance. 
April 20, 2024, 08:36:11 PM
Sanctioning Tornado Cash and arresting one of their developers sets a terrible precedent. Tornado Cash isn’t custodial like traditional mixers and its developers have no control over how users decide to use this service.
When the sanctions were first announced, there were some in the Monero community who were almost celebrating the news.
https://www.reddit.com/r/Monero/comments/wkgs4u/people_are_making_the_wrong_generalizations/
Now we are seeing that governments’ strong opposition to privacy has negatively impacted Monero as well. If you give regulators an inch, they will take a mile. Shutting down or severely hampering this one mixer is only the start of increasingly stricter compliance measures and restrictions on users seeking financial privacy.
When the sanctions were first announced, there were some in the Monero community who were almost celebrating the news.
https://www.reddit.com/r/Monero/comments/wkgs4u/people_are_making_the_wrong_generalizations/
Now we are seeing that governments’ strong opposition to privacy has negatively impacted Monero as well. If you give regulators an inch, they will take a mile. Shutting down or severely hampering this one mixer is only the start of increasingly stricter compliance measures and restrictions on users seeking financial privacy.
April 20, 2024, 03:43:34 PM
Usually I don't store funds for exchange, but those funds are there for daily trading. Still, they allow trades but disable withdrawals.
Did I understand correctly, the funds you are talking about were sent directly from Tornado source to Binance?I know of earlier cases where Binance requested verification for funds deposited directly from the mixer, while it was not the case for mixer -> wallet -> Binance. It is the same starting address where the funds came from.
No, it wasn't directly from the mixer. My clients mixed and received his address. Then he sent it to my Binance. I have provided a screenshot where I talked about sending funds to my clients. So the fund was from my client's address, not from Mixer. But still, I haven't received any resolution from Binance. My account is still under investigation. I am waiting for their response before making an accusation thread.
April 20, 2024, 06:28:48 AM
Imagine exchanging Bitcoin to Monero and then back to bitcoin and then sending it to Binance only to be asked about the source of the funds if you want your funds back 
I agree with you, that is the risk with centralized exchanges, and it makes no sense using it if your goal is privacy. If you use mixers, CoinJoin or BTC->XMR->BTC, then don't use centralized exchanges. Binance and any centralized exchange can confiscate customers' funds at anytime, so better to choose p2p exchanges if you don't want to find yourself in such situation.It's unfortunate, but it seems that at this point in time, funds coming from mixers shouldn't anymore cross paths with centralized exchanges. They'll most likely be frozen.
Yeah, and i believe it has always been that way, there is always a tendency that if your funds is coming directly from a mixer or any privacy solution, it might be frozen. April 17, 2024, 09:47:28 PM
So I don't know whether Binance will restore my account. However, it seems pretty risky to use any kind of mixer. Either the government or centralised exchanges will catch up.
They cannot know that the money comes from the mixer, but their verification algorithms will try to freeze any account they suspect, especially if the mixers are of the Tornado Cash type, where there is a Contract Address. Therefore, if you want to enhance your privacy, it is better to use Bitcoin mixers, or at least exchange Bitcoin to Monero and then Back again to Bitcoin.Contact Binance. They will ask you for the source of the funds. If you are able to prove their source, the account will be restored.
I very much disagree that they cannot know if the money comes from the mixer. Do not use a mixer if your exchange is Binance! Different regulators from different jurisdictions have been pressuring Binance already after CZ was forced to admit that there was moneylaundering that have occured in the exchange. They will certainly be much stricter this time. If you assume that they do not know your coins went through a mixer, prepare to have your accounts and funds frozen.
April 04, 2024, 05:53:43 PM
They cannot know that the money comes from the mixer, but their verification algorithms will try to freeze any account they suspect, especially if the mixers are of the Tornado Cash type, where there is a Contract Address. Therefore, if you want to enhance your privacy, it is better to use Bitcoin mixers, or at least exchange Bitcoin to Monero and then Back again to Bitcoin.
Contact Binance. They will ask you for the source of the funds. If you are able to prove their source, the account will be restored.
To completely enhance privacy and avoid getting funds blocked and asked for KYC verification in order to have one's funds back, I think it's best to completely avoid centralized exchanges like Binance.Contact Binance. They will ask you for the source of the funds. If you are able to prove their source, the account will be restored.
Imagine exchanging Bitcoin to Monero and then back to bitcoin and then sending it to Binance only to be asked about the source of the funds if you want your funds back
April 04, 2024, 05:26:46 PM
Usually I don't store funds for exchange, but those funds are there for daily trading. Still, they allow trades but disable withdrawals.
Did I understand correctly, the funds you are talking about were sent directly from Tornado source to Binance?
I know of earlier cases where Binance requested verification for funds deposited directly from the mixer, while it was not the case for mixer -> wallet -> Binance. It is the same starting address where the funds came from.
April 04, 2024, 03:46:46 PM
So I don't know whether Binance will restore my account. However, it seems pretty risky to use any kind of mixer. Either the government or centralised exchanges will catch up.
They cannot know that the money comes from the mixer, but their verification algorithms will try to freeze any account they suspect, especially if the mixers are of the Tornado Cash type, where there is a Contract Address. Therefore, if you want to enhance your privacy, it is better to use Bitcoin mixers, or at least exchange Bitcoin to Monero and then Back again to Bitcoin.Contact Binance. They will ask you for the source of the funds. If you are able to prove their source, the account will be restored.
I have contacted them. Though they haven't asked for anything yet, the account has frozen. They need 30 working days, according to them, to make a full investigation. After that, they will let me know what the next step is. I have provided proof that I received those funds for marketing through their live support. But it doesn't help unlock my account immediately. A few days remain to reach 30 working days. I will make a post after their decision. Usually I don't store funds for exchange, but those funds are there for daily trading. Still, they allow trades but disable withdrawals.
April 03, 2024, 10:48:21 PM
So I don't know whether Binance will restore my account. However, it seems pretty risky to use any kind of mixer. Either the government or centralised exchanges will catch up.
They cannot know that the money comes from the mixer, but their verification algorithms will try to freeze any account they suspect, especially if the mixers are of the Tornado Cash type, where there is a Contract Address. Therefore, if you want to enhance your privacy, it is better to use Bitcoin mixers, or at least exchange Bitcoin to Monero and then Back again to Bitcoin.Contact Binance. They will ask you for the source of the funds. If you are able to prove their source, the account will be restored.
April 03, 2024, 09:21:26 PM
So it's pretty clear that governments don't want to allow crypto mixers anymore. I met Tornado Cash a few days ago. One of my clients sent me funds, and his wallet was related to Tornado Cash. Unfortunately, I received the funds on Binance, and they suspended my account temporarily. Yet it hasn't been solved and is under investigation. After that, this news pops up. So I don't know whether Binance will restore my account. However, it seems pretty risky to use any kind of mixer. Either the government or centralised exchanges will catch up.
It's expected that Binance is going to be stricter now more than ever. Now that they've been slapped with huge fines and even had its founder and former CEO held in the US for his sentencing, they must already be walking on eggshells right now.
I hope they would allow you to at least make a withdrawal though. If that transaction would cost you your account, at least you can have your money back first.
It's unfortunate, but it seems that at this point in time, funds coming from mixers shouldn't anymore cross paths with centralized exchanges. They'll most likely be frozen.
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