As the investigation into the crypto mixer intensified, a 29-year-old man, suspected to be the Tornado Cash developer got arrested in Amsterdam for his alleged involvement in laundering money through Tornado Cash.
The suspect will be brought before an examining judge in Den Bosch, as per the Fiscal Information and Investigation Service (FIOD).
FIOD began investigating the contentious issue in June, multiple arrests have not been ruled out. The investigation is being led by the Public Prosecutor’s Office for serious fraud, environmental crime and asset confiscation.
However, the whole scenario got really heated up after the US treasury slapped sanctions on Tornado Cash with a string of platforms blocking and blacklisting the mixer.
Considering the current circumstances, FIOD is giving “extra attention” to decentralized autonomous organizations (DAOs) that can potentially facilitate money laundering.
Moreover, FIOD also said Tornado Cash makes it possible to conceal the origin of cryptocurrencies. The (criminal) origin of cryptocurrency is often not or hardly checked, and hence users mostly use mixing services to increase their anonymity.
Also Read: Why did U.S. OFAC Sanction Tornado Cash?
