Small time coin but evidence of money laundering. Which leads me to wonder.
Let's say Marty & Wendy were using Bitcoin to launder some cartel money. So what happens when Bitcoin crashes from $60K to $24K? If they hodl, fair chance it'll eventually get back to $60K but will the cartel have the patience or is Marty & Wendy on the chopping block (literally)?
Tornado Cash Ethereum Token Down Over 50% After Sanctions - Decrypt
Quote:
In its sanctioning of Tornado Cash, the U.S. Treasury cited its use by the North Korean hacker group Lazarus Group and the laundering of over $103.8 million from the hacks of the Horizon Harmony Bridge and Nomad Token Bridge earlier this summer.
Following a debate by the Tornado Cash community, the Discord server for the group disappeared, and unknown persons took the forum on the Tornado Cash community website offline as well. At the same time, a member of the developer group behind Tornado Cash was taken into custody by law enforcement in the Netherlands.
|