Roman Storm Found Guilty On One Charge, Hung Jury On 2 Additional Counts
Main Idea
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.
Key Points
1. Roman Storm was indicted in August 2023 and faced up to 40 years in prison if convicted on all charges, but the jury was hung on two counts, leaving him convicted only on the unlicensed money-transmitting charge.
2. Storm could now face up to 5 years in prison for the single conviction, with the judge noting he is not a flight risk and may appeal the verdict.
3. Storm has publicly sought financial support for his legal defense, citing high costs and urging supporters of open-source and privacy to contribute.
4. A sentencing date has not yet been set, and federal prosecutors have indicated they will revisit the unresolved charges.
5. The case highlights ongoing legal challenges for developers in the cryptocurrency space, particularly those associated with privacy-focused tools like Tornado Cash.
Description
The jury in the trial of Tornado Cash developer Roman Storm has reached its verdict, according to August 6 reports. Jury in Tornado Cash Case Hung on Two Counts According to reports, Storm has been found guilty on one count of operating an unlicensed money transmitting business. Judge: He may appeal, he has every incentive to stay and fight. He is not a risk of flight, given the size of the bond. There is a lot of fighting left in this case before sentencing, and I think Mr. Storm will stay for ...
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