Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»The DOJ claims Tornado Cash operates as a “commercial enterprise.”
BLOCKCHAIN NEWS

The DOJ claims Tornado Cash operates as a “commercial enterprise.”

By Crypto FlexsApril 28, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The DOJ claims Tornado Cash operates as a “commercial enterprise.”
Share
Facebook Twitter LinkedIn Pinterest Email

Share this article

Follow Cryptocurrency Briefings on Google News

In a recent 111-page court filing, federal prosecutors responded to a motion by Tornado Cash co-founder Roman Semenov to dismiss conspiracy and money laundering charges against him.

The government argues that characterizing Semenov’s alleged crimes as simply writing code obscures Semenov’s role in promoting and maintaining the Tornado Cash service. Even though Semenov knew it would be used to launder illegal proceeds from the hack.

The prosecution’s motion alleges that the Tornado Cash service is a “commercial enterprise carried on for profit or financial gain” and that Semenov himself, along with others, profited from the operation of the service by controlling key components of the service.

Although it was possible for governments to access the smart contracts supporting Tornado Cash directly, most users relied on the default interface, and 98% of users used Tornado Cash through an optional relay network set up and operated by manually whitelisted relayers. They claim to have used it. Co-founder until March 2022.

In response to Semenov’s claim that Tornado Cash was not in the business of transferring money, prosecutors allege that the service “made all of these actions happen behind the scenes without any further action from customers.”

The prosecution also claimed that, according to the basic definition of Tornado Cash’s terms and conditions, the platform carried out a ‘fund transfer’ while executing customer deposits and withdrawals.

The government also ordered Semenov and his co-founder Roman Storm to keep Tornado Cash running, including paying site hosting fees, paying gas fees for blockchain transactions, and “refusing” to implement and maintain appropriate anti-money laundering programs. It is claimed that he took . Building a network of intermediaries and developing new features to enhance anonymity are part of the accused conspiracy.

Prosecutors pointed out that Semenov himself acknowledged that Tornado Cash was being used for illegal purposes, citing messages he sent to other entrepreneurs.

Tornado Cash developers have implemented UI changes to filter out OFAC-approved wallets, but the government claims the measures are not enough to prevent the illegal activities of North Korean hacking group Lazarus Group.

“They made public statements implying they were complying with the law even though they knew their UI changes were not effective. Then, despite receiving confirmation that the UI changes were not effective, Semenov and the Tornado Cash founders took no further action to prevent the Lazarus Group from continuing to use the Tornado Cash Service to launder funds and evade sanctions, and that these actions I knew it was going on.” detailed.

Prosecutors pushed back on efforts by cryptocurrency advocacy groups to frame the case as a threat to the freedom to code, saying they were “pursuing a narrower case that does not pose questions about under what circumstances a crime can occur.” “He claims. Liability lies with defendants whose sole act was to write code for smart contracts deployed on the Ethereum blockchain.”

Despite this position, the government argued that Tornado Cash’s operating logic implied that restrictions were necessary, and claimed that Semenov transferred $2.7 million in Tornado Cash profits to unidentified cold wallets. This is believed to have been done using a VPN and Binance accounts with false identities.

Share this article

Follow Cryptocurrency Briefings on Google NewsFollow Cryptocurrency Briefings on Google News

The information on or accessed through this website has been obtained from independent sources believed to be accurate and reliable. However, Decentral Media, Inc. makes no representations or warranties about the timeliness, completeness or accuracy of any information on or accessed through this website. . Decentral Media, Inc. is not an investment advisor. We do not provide personalized investment advice or other financial advice. Information on this website may change without notice. Some or all of the information on this website may be outdated, incomplete or inaccurate. We may, but are not obligated to, update information that is out of date, incomplete or inaccurate.

Crypto Briefing can augment articles with AI-generated content generated by Crypto Briefing’s own AI platform. We use AI as a tool to deliver fast, valuable, actionable information without losing the insight and oversight of experienced cryptocurrency experts. All AI-augmented content is carefully reviewed by editors and writers, including for factual accuracy, and we pull from multiple primary and secondary sources whenever possible to create our stories and articles.

You should not make any investment decisions regarding ICOs, IEOs or other investments based on the information on this website, and you should not interpret or rely on the information on this website as investment advice. If you are seeking investment advice regarding an ICO, IEO or other investment, we strongly recommend that you consult with a licensed investment advisor or other qualified financial professional. We do not receive any form of compensation for our analysis or reporting on ICOs, IEOs, cryptocurrencies, currencies, tokenized sales, securities or products.

See full terms and conditions.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investors surpass 640,000 BTC when looking at Bitcoin Holdings with $ 22 million purchases.

September 30, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

The new gold protocol of the BNB chain is due to the $ 2 million launch day nucleus.

September 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025
Most Popular

Memeinator Price Prediction, Can MMTR Beat Dogecoin (DOGE)?

June 2, 2024

Tether (USDT) Helps US Department of Justice Seize $5 Million in Fraud Scheme

August 24, 2024

Volatility increases in the uncertainty and strategic movement of Bitcoin (BTC)

March 15, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.