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Roman Storm, the developer for Tornado Cash, was found guilty of operating an unlicensed money transmitter by a Manhattan jury. The jury did not convict on a sanctions charge and was deadlocked on a money laundering charge.
What’s the Scoop?
- Partial Verdict: A jury found Storm guilty of operating an unlicensed money transmitter but could not reach a verdict on money laundering. He was found not guilty on sanctions violations.
- Original Charges: Storm was originally charged in 2023 with conspiracy to commit money laundering and sanctions violations for his role in operating Tornado Cash.
- Allegations: Prosecutors had alleged
Tornado Cash processed more than $1 billion in illicit transactions, including millions for North Korea’s Lazarus Group.
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