Hack ‘Victims’ Say Tornado Cash Offered No Help in the Wake of Exploits: Day 2 of Roman Storm Trial
Main Idea
Victims of hacks involving Tornado Cash testified in Roman Storm's trial, stating they received no assistance from the service, while lawyers debated the platform's role in money laundering.
Key Points
1. Hack victims, including a Georgia woman who lost $250,000 and BitMart, which lost $625 million, testified that Tornado Cash did not help recover stolen funds.
2. Roman Storm's defense argued that Tornado Cash, being decentralized, could not assist in retrieving funds.
3. BitMart's lawyer admitted that hacked funds were also sent to other platforms besides Tornado Cash, such as FTX and Huobi.
4. Sky Mavis CTO Ho testified about the Ronin Bridge exploit, noting $6 million was recovered by Norwegian police but could not confirm if it passed through Tornado Cash.
5. The trial highlights debates over whether Tornado Cash is a legitimate privacy tool or a facilitator of money laundering.
Description
NEW YORK — Hack and scam victims who reached out to Tornado Cash requesting assistance retrieving their stolen funds received little in the way of help from the privacy tool’s developers, three government witnesses told the jury during day two of Roman Storm’s criminal money laundering trial. One victim, a Taiwan-born Georgia woman who said she lost nearly $250,000 to a wrong-number pig butchering scam — with a portion of the proceeds laundered through Tornado Cash — said her request for help we...
Latest News
- Crypto Hackers Capitalize on ETH Surge, Offloading $72M This Week2025-08-15 14:28:24
- Hyperbeat Secures $5.2M Backing From ether.Fi, Electric Capital2025-08-15 13:40:10
- BONK Holds Key Support After Heavy Selling Hits Solana Meme Token2025-08-15 13:35:33
- CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 3.4% as Index Trades Higher2025-08-15 13:32:14
- Circle to Offer 10 Million Class A Shares at $130 Each2025-08-15 10:00:47