Manhattan Jury Delivers Mixed Verdict in Roman Storm Trial
Main Idea
Roman Storm, co-founder of Tornado Cash, was found guilty for operating an unlicensed money-transmitting business, with the case highlighting legal challenges for developers of decentralized financial tools.
Key Points
1. Roman Storm was found guilty in the US District Court for the Southern District of New York for operating an unlicensed money-transmitting business.
2. The prosecution argued that Storm knowingly allowed Tornado Cash to be used for illicit purposes, including sanctions evasion by North Korea.
3. The defense called expert witnesses, including Ethereum core developer Preston Van Loon, to argue that Tornado Cash was decentralized and misuse could not be prevented post-deployment.
4. The case's outcome may influence how US courts treat developers of decentralized financial tools in the future.
5. Storm's sentencing has not yet been scheduled, with Judge Katherine Failla presiding over the case.
Description
However, the jury could not agree on other charges related to money laundering and sanctions. The case centered on whether Storm had the power to stop illicit use of the Tornado Cash protocol, with prosecutors arguing he did and the defense insisting the platform was fully decentralized. Storm has maintained his innocence, and now awaits sentencing. Tornado Cash Verdict In Roman Storm, co-founder and developer of Tornado Cash, was found guilty by a Manhattan jury on one charge of conspiracy to o...
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