BITPRISMIA
Roman Storm, co-founder of Tornado Cash, is set to file post-trial motions by September 30 following a partial mistrial, while his legal defense fund has raised $5.3 million towards a $7 million goal.
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Tornado Cash developer Roman Storm was found guilty on one charge related to unlicensed money-transmitting, while the jury was hung on two more serious charges, potentially reducing his maximum prison sentence from 40 years to 5 years.
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Roman Storm, co-founder of Tornado Cash, was found guilty on unlicensed money transmission charges but not guilty on sanctions evasion, with a hung jury on money laundering, impacting crypto privacy and regulatory compliance.
The Tornado Cash trial involving co-founder Roman Storm is a pivotal case that could shape the future of DeFi and digital privacy, as it addresses developer liability and the use of privacy tools in crypto.
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The U.S. Department of Justice (DOJ) will not bring criminal charges against crypto venture firm Dragonfly in relation to the Tornado Cash case, according to managing partner Haseeb Qureshi.
Roman Storm, co-founder of Tornado Cash, has chosen not to testify in his federal money-laundering trial, while his defense fund nears its $5 million goal.
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