Crypto Aided North Korea in Billion Dollar Conspiracy

Crypto Service Aided North Korea
(FILES) In this file photo taken on March 19, 2021 the North Korean flag is seen in the country's embassy compounds in Kuala Lumpur after North Korea severed diplomatic ties with Malaysia in response to the extradition of a citizen to the US earlier this month. - The United States on April 25, 2022 charged two Europeans with conspiring with an American cryptocurrency expert who is in prison for helping North Korea circumvent US sanctions over its nuclear program. (Photo by Sazali Ahmad / AFP)

Two founders of a mysterious crypto transfer service, better known as a digital black market for financial transactions, find themselves ensnared in a high-stakes plot that reads like the script of a Hollywood thriller.

The service allegedly played a pivotal role in aiding North Korea in laundering money, making them part of a staggering $1 billion conspiracy, Manhattan U.S. attorney’s office disclosed.

Crypto Service Aided North Korea: The Accused and Their Charges

Tornado Cash, with Roman Storm and Roman Semenov at its helm, wasn’t just a cryptocurrency mixer; it was the “Wolf of Wall Street” of the digital currency era, handling over $1 billion in under-the-table dealings.

The duo now faces charges of money laundering conspiracy and skirting U.S. sanctions, all directed against the Hermit Kingdom.

Manhattan U.S. Attorney Damian Williams painted a vivid picture of their operation: “Tornado Cash, an infamous beacon in the murky waters of cryptocurrency, laundered sums exceeding $1 billion.