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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Latest Tornado Cash News
Tornado Cash is a cryptocurrency transaction privacy tool built on the Ethereum network. It uses privacy-enhancing tools termed crypto mixers to obscure the origin and destination of cryptocurrency transactions.
By mixing multiple transactions together, crypto mixers make it hard to trace the flow of funds, boosting user privacy and security.
North Korean hackers rely on services like Tornado Cash to conceal the origin of their ill-gotten funds. On Aug. 8, 2022, the U.S. Department of Treasury’s Office of Foreign Assets Control sanctioned Tornado Cash, accusing it of money laundering.
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The dismissal came days before Tornado Cash developer Roman Storm was scheduled to face charges in US federal court.
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Roman Storm is scheduled to appear in a New York courtroom for his criminal trial on July 14, facing money laundering and conspiracy charges.
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Paradigm’s chief legal officer and general counsel said if Roman Storm is found guilty, it could slow future software development in the crypto and fintech industries.
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Roughly two years after the initial indictment, the Tornado Cash developer’s criminal trial is expected to begin on July 14.
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Taiwan-based exchange BitoPro confirmed an $11.5 million crypto exploit weeks after the breach, saying user funds and withdrawals were unaffected.
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Tornado Cash developer Roman Storm's defense cited the same set of FinCEN documents used by the Samourai Wallet developers' legal team.
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US government charges against Tornado Cash co-founder Roman Storm were slightly pared back after a memo said the Justice Department would end most crypto cases.
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Crypto investigator claims police wrongly detained a security expert in a 2022 Bored Ape NFT heist, identifying a different suspect through on-chain forensics.
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Tornado Cash is designed to make transactions private, but allegations of money laundering led to US sanctions, though they were lifted in March 2025.
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The US Treasury Department’s actions against Tornado Cash were unlawful, and it can’t sanction the crypto mixer again, a Texas federal court judge has ruled.
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Ethereum co-founder Vitalik Buterin was one of the first to deposit on the platform, sending one Ether.
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The US Treasury says because it dropped Tornado Cash from its sanctions list on March 21, the legal challenge against it should be considered moot.
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The removal follows a January ruling by a US appeals court saying the sanctions were unlawful.
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Bybit has already paid out $2.2 million for “bounty hunters” who can provide valuable information on the Lazarus Group’s transaction patterns related to the stolen funds.
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