Tim Fries
The Fiscal Information and Investigation Service (FIOD) of the Netherlands announced the arrest of a 29-year-old developer, suspected of having links with US-sanctioned crypto mixer Tornado Cash.
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Facts so far:
- The suspect has been arrested for “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.”
- The Financial Advanced Cyber Team (FACT) of FIOD suspects Tornado Cash has been involved in concealing large amounts of “criminal money flows.”
- Multiple arrests are not ruled out.
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This is a developing story and should be updated shortly.
About the author
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird’s US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
