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History
2025: Removal of US sanctions from the company
The United States excluded the Tornado Cash crypto service from the sanctions list. This was reported in March 2025 on the website of the US Treasury. The service fell under US sanctions in August 2022. One of the founders of the service, Russian Roman Semenov, remained on the sanctions list. The US accused him of creating a scheme that allowed fraudsters to launder funds using cryptocurrency. The Ministry of Finance announced its intention to closely monitor such transactions.[1]
2024
In Holland, a Russian who wrote the code Tornado Cash received 5 years in prison
In May 2024, Russian Alexei Pertsev was sentenced by a Dutch court to five years and four months in prison for laundering $1.2 billion using a cryptocurrency mixer (software that serves as an intermediary between parties wishing to send and receive cryptocurrencies) Tornado Cash. Read more here.
UN allegations of laundering $147 million by North Korea through service
North Korea laundered $147.5 million through Tornado Cash in March 2024 after stealing it in 2023 from, cryptocurrency exchange HTX experts say. UN
Observers told the UN Security Council sanctions committee that they investigated 97 alleged North Korean cyber attacks on cryptocurrency companies between 2017 and 2024 worth about $3.6 billion.
2023: Arrest of co-founder in $1 billion hacker money laundering case
On September 6, 2023, Roman Storm, co-founder of the fully decentralized open-source cryptocurrency mixer Tornado Cash, pleaded not guilty to laundering approximately $1 billion in hacker money. Read more here.
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