By Maya Lester KC & Michael O’Kane

OFAC and DOJ action against Tornado Cash founders

Yesterday, OFAC designated Russian national Roman Semenov, 1 of 3 co-founders of the designated virtual currency mixer Tornado Cash, a cryptocurrency mixer that has allegedly facilitated more than $1bn in money laundering for the Lazarus Group, which, according to the US Treasury, is a North Korea state-sponsored hacking group (press release, notice). The DOJ unsealed an indictment against Roman Semenov …

North KoreaNorth Korea Cyber-AttacksCyber-Attacks United StatesUnited States

About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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