• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Roman Storm to Face Trial on Charges of Money Laundering and Sanctions Evasion

user avatar

by Giorgi Kostiuk

a year ago


Roman Storm, co-founder of the crypto mixer Tornado Cash, is poised for trial after the court denied his request to dismiss allegations regarding his role in the platform.

The Court Insists on Charges

Storm was arrested in Auburn, Washington, and subsequently released on a $2 million bail. His defense team aims to argue for a dismissal of the charges by claiming Storm had no direct role in how the platform was utilized. They contend that Tornado Cash is self-operating software, and Storm lost control after its deployment on the Ethereum blockchain in 2019. However, Judge Katherine Polk Failla ruled that control is not a necessary condition to prove guilt.

The Crypto Community Reacts

The crypto community has responded strongly to the recent ruling. Amanda Tuminelli, legal head of the DeFi Education Fund, argued that developers should not be held responsible for illegal activities committed by third parties misusing open-source software. Notable crypto lawyer Jake Chervinsky criticized the decision, stating, 'This ruling is an attack on the freedom of software developers.'

Challenges of Tornado Cash

The trial date of December 2 is seen as a critical moment regarding the legal treatment of open-source developers in the crypto industry. Tornado Cash, designed to enhance privacy in cryptocurrency transactions, has become controversial due to allegations of its use by hackers associated with North Korea’s Lazarus Group. The platform faced sanctions from the U.S. Treasury Department in October 2022, resulting in a 68% drop in total entries by January 2023.

The U.S. Department of Justice claims Tornado Cash received around $1 million in investments from a venture capital firm, using those funds with expectations of sharing profits. Storm’s ongoing case is set to begin in New York in December, with evidence suggesting that the platform’s co-founders extracted millions in cash from TORN assets, indicating Tornado Cash did not operate purely altruistically. The case is poised to ignite significant discussions regarding the legal responsibilities of open-source software.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bybit Experiences Significant Security Incident, $1.5 Billion Embezzled.

chest

Bybit experienced a significant security breach attributed to North Korea's Lazarus Group, resulting in the theft of approximately $1.5 billion in Ethereum.

user avatarKenji Takahashi

BNB Chain collaborates with MEXC to enhance project liquidity.

chest

BNB Chain partners with MEXC to enhance liquidity access for its projects.

user avatarMaria Fernandez

Fuse Energy Introduces The Energy Network for Improved Energy Management.

chest

Fuse Energy has launched The Energy Network, a blockchain-based coordination layer designed to manage distributed energy resources and flexible demand.

user avatarMiguel Rodriguez

Fuse Energy Secures $5 Billion in Latest Funding Round.

chest

Fuse Energy has raised significant capital, including a recent funding round that values the company at approximately $5 billion.

user avatarRajesh Kumar

Fuse Energy Introduces a Groundbreaking Energy Venture in London.

chest

Fuse Energy, a London-based energy company, has launched a vertically integrated power business that combines renewable generation, retail supply, and a blockchain-based incentive system to manage electricity demand.

user avatarGustavo Mendoza

KAS is set to be listed on HTX on December 24, 2025.

chest

HTX exchange will list Kaspa (KAS) on December 24, 2025, with spot and margin trading options.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.