Tornado Cash co-founder found guilty on 1 of 3 charges after jury deadlock
Main Idea
Tornado Cash co-founder Roman Storm was found guilty on one of three charges related to money laundering and violating US sanctions, with a sentencing hearing scheduled soon.
Key Points
1. Roman Storm, co-founder of Tornado Cash, was found guilty on one charge by a Manhattan jury, while the jury deadlocked on the other two charges.
2. The prosecution's case relied on witnesses from the FBI, IRS, and hackers, as well as experts like Ethereum developer Preston Van Loon.
3. Storm was indicted in August 2023 for money laundering and violating US sanctions but pleaded not guilty and has been free on bail.
4. Judge Katherine Failla referenced other crypto-related cases during the trial, including those of Sam Bankman-Fried and Karl Greenwood, who received prison sentences.
5. Storm's case is part of broader legal scrutiny involving crypto-related financial crimes and regulatory enforcement.
Description
With a sentencing hearing scheduled in a matter of weeks, Roman Storm is potentially looking at five years in jail for running an unlicensed money transmitting service.
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