• 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

9 months 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.

Other news

Trump Legislation: What You Need to Know About the 'One Big Beautiful Bill'

chest

The U.S. Congress has passed the 'One Big Beautiful Bill Act', which may alter the economic landscape of the country.

user avatarGiorgi Kostiuk

Senator Lummis Introduces Tax Reform for Cryptocurrencies

chest

A new tax bill in the U.S. proposes significant changes to cryptocurrency taxation, including small gains exemptions and loan regulations.

user avatarGiorgi Kostiuk

New Tax Initiative by Senator Lummis Aims to Improve Conditions for Crypto Investors

chest

Senator Lummis has introduced a bill that could change cryptocurrency tax regulations, simplifying the use of digital assets.

user avatarGiorgi Kostiuk

Risks to US Dollar: BIS Raises Concerns about Reserve Currency Status

chest

BIS warns of threats to the US dollar's status. Eroding trust and potential changes in global reserves have become pressing issues.

user avatarGiorgi Kostiuk

New Binance Pay Features Simplify Crypto Transactions for Users

chest

Binance Pay announces new features to simplify crypto transfers, supporting over 300 cryptocurrencies.

user avatarGiorgi Kostiuk

Everything You Need to Know About the MemeCore Token Airdrop by Binance Alpha

chest

Binance Alpha announces the launch of MemeCore token airdrop available for users with sufficient points.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.