Dutch Authorities Arrest Suspected Tornado Cash Developer

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Today’s Cryptocurrency Headline

Dutch authorities arrested a developer suspected of involvement in Tornado Cash on Wednesday, according to a statement from the Netherlands Fiscal Information and Investigation Service (FIOD) today. The FIOD arrested an unidentified 29-year-old man in Amsterdam, and he is suspected of involvement in concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies through the decentralized Ethereum mixing service Tornado Cash. The investigation is led by the Public Prosecutor’s Office for serious fraud, environmental crime and asset confiscation.

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Bitcoin is up 3.13% over the last 24 hours and rose to an intraday high of $24,619.98. The relative strength index (RSI) is approaching the overbought level, indicating that bulls are currently dictating price movement. If buyers push the price above the overhead resistance at $24,930, the BTC/USDT pair could pick up momentum and rally to $28,000.

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