FinTelegram recently reported that the U.S. Department of Treasury ’s Office of Foreign Assets Control (OFAC) sanctioned crypto mixer Tornado Cash saying it laundered more than $7 billion of cybercrime proceeds since its creation in 2019. Today, the Fiscal Information and Investigation Service (FIOD) announced the arrest of a 29-year-old man allegedly involved in “concealing criminal financial flows” and “facilitating money laundering” through Tornado Cash.
In its announcement, FIOD did not rule out that more arrests may happen. The man will be brought before a judge later today, while the FIOD has warned that multiple arrests have not been ruled out. The FIOD has also said that advanced technologies such as Tornado Cash mixers that “may facilitate money laundering” are receiving “extra attention” from the agency.