The U.S. Division of Justice (DOJ) introduced fees towards two people who co-founded Twister Money on Aug. 23.
The company unsealed an indictment charging Roman Storm and Roman Semenov with varied wrongdoings associated to creating, working, and selling Twister Money — a once-popular Ethereum-based coin mixer that obscured crypto transactions.
U.S. Lawyer Damian Williams stated:
“Whereas publicly claiming to supply a technically subtle privateness service, Storm and Semenov in reality knew that they have been serving to hackers and fraudsters conceal the fruits of their crimes.”
The DOJ additional famous that Twister Money dealt with $1 billion in prison proceeds and laundered funds on behalf of North Korean cybercrime teams.
The company’s full listing of fees towards the 2 Twister Money co-founders contains conspiracy to commit cash laundering, conspiracy to commit sanctions violations, and conspiracy to function an unlicensed money-transmitting enterprise.
The DOJ stated that Storm has been arrested in Washington State and might be introduced in courtroom, whereas Semenov has not but been positioned or arrested.
The U.S. Treasury individually introduced sanctions towards Semenov, an motion that may prohibit different events from transacting with him. The company famous that those that transact with Semenov could also be designated themselves.
A 3rd developer, Alexey Pertsev, was arrested within the Netherlands in August 2022. The DOJ didn’t announce fees towards Pertsev right this moment. Treasury talked about Pertsev’s previous arrest however didn’t announce sanctions towards him (or towards Storm).
Treasury beforehand sanctioned mixer
The Treasury initially imposed sanctions on Twister Money in August 2022, successfully banning mainstream entry to the coin mixer.
Nonetheless, Twister Money continued to function resulting from its decentralized nature and reliance on cryptocurrency. The platform has even survived different trials: Twister Money’s governance system was notably hacked in Could 2023, resulting in a theft of lower than $1 million. Governance coin holders later regained management by means of a brand new proposal.
Knowledge from DefiLlama means that Twister Money stays energetic with $245 million in whole worth locked (TVL), down from its all-time excessive TVL of $1.1 billion.
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