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International Business Times
International Business Times
Business
Marvie Basilan

Tornado Cash Most Used In Majority Of Security Incidents During Q1: Security Firm

Tornado Cash CertiK United States OFAC Roman Storm Crypto DOJ Roman Semenov blockchain GoFundMe
Cryptocurrency mixer Tornado Cash has been under scrutiny since last year after the DOJ indicted two of its founders for allegedly facilitating billions in laundered funds through the service. (Credit: Alesia Kozik/Pexels.com)

KEY POINTS

  • A total of $69 million was laundered through Tornado Cash in Q1 2024: CertiK
  • The crypto mixer's two founders were indicted by the DOJ for allegedly helping North Korea launder billions
  • One Tornado Cash founder has moved to dismiss the indictment

Decentralized cryptocurrency mixer Tornado Cash was the preferred choice by most "malicious actors" in their transactions linked to crypto security incidents in the first quarter of the year, a blockchain security firm revealed in a new report.

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