Tornado Cash Founder Roman Storm Allegedly Moved Millions Through Binance, Defense Cites Immutability
Main Idea
Tornado Cash founder Roman Storm faces allegations of moving millions through Binance and coordinating offshore investments, with IRS testimony highlighting his control over significant transactions and efforts to obscure activities.
Key Points
1. Roman Storm allegedly transferred $2.6 million to co-founders and discussed moving large sums, as evidenced by chat logs.
2. Messages indicate strategic efforts to open offshore entities and buy real estate to obscure financial activities.
3. Co-founder Roman Semenov's message about sending TORN tokens to avoid detection suggests awareness of legal risks.
4. Expert testimony noted a shift in user behavior post-US sanctions, with groups like Lazarus adopting command-line tools for reduced traceability.
5. The defense argues Tornado Cash's smart contracts are immutable since May 2020, limiting Storm and the DAO's control over transactions.
Description
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