November 19, 2023
Tornado Cash

Tornado Cash founders charged with $1B conspiracy to aid North Korea, 2023 lawsuit: Scam or Legit? Find Out!

Did you receive a mail about a class action settlement concerning the Tornado Cash founders charged with $1B conspiracy to aid North Korea? This review will help you partake in the class action settlement after confirming the authenticity of the mail.

What Is Tornado Cash founders $1B conspiracy lawsuit?

The Manhattan U.S. attorney’s office has charged Tornado Cash owners Roman Storm and Roman Semenov of laundering more than $1 billion as part of a conspiracy with North Korea. The case is in New York federal court. 

The government claims Storm and Semenov made millions of dollars by working with a North Korean cybercrime organization known as the Lazarus Group, which the pair are alleged to have laundered hundreds of millions of dollars for.  

The government is represented by Thane Rehn and Benjamin Gianforti of the U.S. Attorney’s Office for the Southern District of New York.

The case is U.S. v. Storm, et al., Case No. 23-cr-430, in the U.S. District Court for the Southern District of New York.

What Is This Class Action All About?

The government has charged two proprietors of the crypto transfer service Tornado Cash with conspiring with the country of North Korea to launder money as part of a $1 billion conspiracy scheme.  

The Manhattan U.S. attorney’s office charged Roman Storm and Roman Semenov with money laundering conspiracy, and conspiracy to violate U.S. sanctions targeting North Korea, among other things. 

Storm, who was taken into custody earlier this week, and Semenov, who remains at large, are accused of making millions of dollars by allegedly working with the North Korean hacking group the Lazarus Project. 

In a statement, Manhattan U.S. Attorney Damian Williams said Storm and Semenov “knowingly facilitated” money laundering in excess of more than $1 billion in criminal proceeds and worked with North Korea in an alleged violation of U.S. sanctions. 

“While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew that they were helping hackers and fraudsters conceal the fruits of their crimes,” Williams said. 

Who Is Eligible?

This settlement concerns all persons who believe Tornado Cash was used to launder money for North Korea.

How To Be Part of This Settlement

To partake in this settlement, class member must submit a valid and timely claim on the settlement website.

What Is The Pay For This Settlement?

The pay for this settlement varies and the proof of purchase is not necessary.

Conclusion

As you submit your claim to the settlement website, just like AI-generated images copyright class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.

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