Roman Storm Convicted in Tornado Cash Case
Main Idea
Tornado Cash developer Roman Storm was found guilty on one count related to operating a crypto mixer, while the jury deadlocked on other charges, raising concerns about the legal implications for crypto developers.
Key Points
1. Roman Storm was found guilty on Count 2, while Counts 1 and 3 resulted in non-unanimous jury decisions.
2. Storm's defense team, led by Brian Klein, argued against flight risk, with Judge Katherine Polk Failla stating there is 'a lot of fighting left in this case.'
3. Tornado Cash, a crypto mixer linked to North Korea's Lazarus Group, allegedly laundered over $1 billion.
4. Privacy advocates and legal experts expressed concern over the case's implications for crypto developers and privacy tools.
5. The DeFi Education Fund stated it will continue to support Storm, highlighting broader industry concerns about regulatory actions against privacy-focused technologies.
Description
Tornado Cash developer Roman Storm has been found guilty of operating an unlicensed money transmitting business. This follows four days of deliberations, in which the jurors in the case were unable to reach a verdict on some charges, resulting in a deadlock. A Divisive Case with Industry-Wide Implications Storm had been indicted on three charges: conspiracy to commit money laundering, conspiracy to operate an unlicensed money-transmitting business, and conspiracy to violate the International Eme...
Latest News
- Ethereum in the Driving Seat as On-Chain RWA Tokenization Nears Peak Levels2025-08-07 12:29:52
- 120K BTC Bought on the Dip as Bitcoin Price Hits $116K2025-08-07 12:04:45
- Breaking Pi Network (PI) News: Here’s the Latest Update2025-08-07 12:03:58
- Bitcoin Flirts With $115,000 as Crypto Markets Remain Uncertain: Market Watch2025-08-07 10:19:32
- Guilty Verdict Sends TORN Price Crashing 15% — What’s Next?2025-08-07 09:25:38