The U.S. Treasury Department’s decision to crack down on cryptocurrency platform Tornado Cash for allegedly being used to launder stolen funds—and the subsequent freezing of millions of dollars in assets by one of the largest U.S. stablecoins in compliance with the order—has prompted concerns of excessive government pressure from many crypto participants, particularly those in the decentralized finance sector.
Citing these U.S. sanctions against Tornado Cash, Dutch authorities Friday said they had arrested a suspected developer of Tornado Cash in Amsterdam on Wednesday, alleging the 29-year-old man is involved in concealing criminal transactions and facilitating money laundering through Tornado Cash. The Dutch authorities in a statement didn’t disclose the suspect’s identity and said they aren’t ruling out more arrests.
‘Enforcement 40’ for 2020
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