Two founders of Tornado Cash, a Russian cryptocurrency mixer, have been charged with laundering over $1 billion in criminal proceeds. Roman Storm was arrested in Washington state, while Roman Semenov remains at large. The founders are accused of laundering money for the Lazarus Group, a North Korean state-backed hacking group. The indictment includes charges of money laundering, sanctions violations, and operating an unlicensed money transmitting business. Tornado Cash has been used for legitimate privacy purposes but has also been linked to high-profile crypto heists. The US Treasury previously stated that Tornado Cash has laundered over $7 billion worth of virtual currency since 2019.

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