The Netherlands announced that it has arrested the suspected Tornado Cash suspect in Amsterdam.
A 29-year-old developer suspected of involvement in the US government-sanctioned Tornado Cash protocol was arrested at 11:30 a.m. local time in Amsterdam on Friday, according to a statement by the Netherlands’ Financial Information and Investigations Service (FIOD).
Tornado Cash Developer Takes Judgment
Tornado Cash is a crypto mixing service based on Ethereum that allows users to be anonymous when transferring their crypto assets. Tornado Cash was recently sanctioned by the US Government for helping criminals launder money.
FIOD began investigations into suspects in June over alleged Tornado aiding money laundering. The Financial Information and Investigation Service FIOD said in a statement today that the suspect was brought before an investigative judge in Den Bosch at 11:30 am on Friday, Dutch local time.
The FIO also did not deny the veracity of the alleged arrest of multiple suspects. The suspects are on trial for serious fraud, environmental crimes and confiscation of their assets, and this investigation is conducted by the Public Prosecutor’s Office. The FIOD also announced that they are paying “more attention” to decentralized organizations (DAOs) that facilitate money laundering.
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