Dutch Police Arrest Alleged Twister Money Dev, Extra Arrests ‘Not Dominated Out’: Monetary Crimes Unit


The Netherlands Crime Company (FIOD) at the moment introduced it had arrested a “suspected developer” of Twister Money, the Ethereum-centric mixing service sanctioned by the U.S. Treasury earlier this week.

“On Wednesday 10 August, the FIOD arrested a 29-year-old man in Amsterdam. He’s suspected of involvement in concealing prison monetary flows and facilitating cash laundering by way of the blending of cryptocurrencies by way of the decentralized Ethereum mixing service Twister Money,” the company stated in an announcement.

FIDO stated that “at the moment the suspect is introduced earlier than the inspecting choose, including that “a number of arrests should not dominated out.”

FIDO additionally stated that the Monetary Superior Cyber Staff (FACT), which is a part of the company, had began a prison investigation towards Twister Money in June 2022.

“FACT suspects that by way of Twister Money has been used to hide large-scale prison cash flows, together with from (on-line) thefts of cryptocurrencies (so-called crypto hacks and scams). These included funds stolen by way of hacks by a bunch believed to be related to North Korea,” learn the assertion.

This can be a creating story and will probably be up to date as additional particulars emerge.

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