Tornado Cash Developer Roman Storm Guilty on One Count in Federal Crypto Case
18 days ago
- #crypto
- #legal
- #privacy
- Roman Storm, a Tornado Cash developer, found guilty of operating an unlicensed money transmitting business.
- Storm faces up to five years in prison; jury did not convict on sanctions evasion or money laundering charges.
- Tornado Cash was designed to enhance crypto privacy by obscuring transaction trails on the blockchain.
- US government alleges Tornado Cash facilitated over $1 billion in money laundering, including by North Korean hackers.
- Defense argued Storm had no control over Tornado Cash's misuse due to its decentralized nature.
- Jury partially sided with the defense, recognizing legitimate privacy uses but finding fault in lack of anti-crime measures.
- Storm plans to appeal the conviction; DOJ may retry the unresolved money laundering charge.