SDNY U.S. Attorney Jay Clayton Issues Statement On Roman Storm Conviction
Main Idea
U.S. Attorney Jay Clayton issued a statement following the conviction of Tornado Cash developer Roman Storm, emphasizing accountability for those exploiting emerging technologies for crime.
Key Points
1. Roman Storm, a Tornado Cash developer, was convicted and faces up to five years in prison for providing services to North Korean hackers and other criminals.
2. Jay Clayton stated that the SDNY is committed to holding individuals accountable who use emerging technologies to commit crimes, asserting that technological promise cannot excuse criminality.
3. Roman Storm and his co-founder Roman Semenov were indicted in August 2023, with contributions to Storm's defense fund nearing $5 million.
4. The case highlights the legal consequences for developers of privacy-focused crypto tools allegedly used for illicit activities.
Description
Former United States Securities and Exchange Commission (SEC) Chair and acting U.S. Attorney for the Southern District of New York, Jay Clayton, issued a statement following the conviction of Tornado Cash developer Roman Storm on Tuesday. Jay Clayton Speaks Out On Tornado Cash Verdict In the August 6 statement, Clayton vowed that SDNY is “committed to holding accountable” people who “exploit emerging technologies to commit crime.” Founder of Tornado Cash convicted. “The speed, efficiency, and fu...
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