Roman Storm, a co-founder of the crypto mixer Tornado Cash, was convicted in a Manhattan court of conspiracy to operate an unlicensed money transmitting business. The jury remained deadlocked on more serious charges of conspiracy to commit money laundering and violate US sanctions, so there was no verdict on thoseContinue Reading
Roman Storm did not testify in his Manhattan trial over allegations he enabled US$1B in crypto laundering. His defence argued Tornado Cash was a decentralised privacy tool misused by hackers, and he did not control or profit from the activity. Prosecutors highlighted a 2019 meme T-shirt as evidence of intent,Continue Reading
Prosecutors in the case against Tornado Cash developer, Roman Storm, have told the judge they’re considering bringing charges against employees of Dragonfly Capital, an early investor in the privacy preserving application. Dragonfly general partner, Tom Schmidt and managing partner, Haseeb Qureshi are reportedly both in the firing line after leadingContinue Reading
