Crime

Developer of Treasury-sanctioned crypto protocol arrested in Amsterdam

By Christopher Hutton
Published August 12, 2022 3:29pm ET
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Developer of Treasury-sanctioned crypto protocol arrested in Amsterdam
Coins representing Bitcoin, center and right, Litecoin, left, cryptocurrencies sit reflected on a polished surface in this arranged photograph in London, U.K., on Thursday, Feb. 8, 2018. Cryptocurrencies tracked by Coinmarketcap.com have lost more than $500 billion of market value since early January as governments clamped down, credit-card issuers halted purchases and investors grew increasingly concerned that last year’s meteoric rise in digital assets was unjustified. | (Luke MacGregor/Bloomberg)

A man who allegedly developed Tornado Cash, a cryptocurrency protocol sanctioned by the Treasury Department for anonymizing transactions that is thought to be used extensively for money laundering, was arrested in Amsterdam.

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Cryptocurrency Hacking Netherlands