CryptoMediaClub
Sunday, October 26, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Tornado Cash Co-Founder Roman Storm Heading For December Trial

29.09.2024
A A
0
121
VIEWS
ShareShare

After his motion to dismiss the charges was turned down by a New York judge on September 27, Tornado Cash’s Roman Storm will face trial in December for money laundering and sanctions violations, a decision criticized by many in the cryptocurrency space.

Tornado Cash Founder Roman Storm Will Face Trial

Judge Katherine Polk Failla of the Southern District of New York rejected Storm’s attempt to dismiss the charges, arguing that his role as a developer did not absolve him of responsibility for the blockchain-based crimes associated with Tornado Cash.

Storm’s legal team maintained that he was merely a developer and should not be held accountable for the platform’s actions, which operated as a decentralized financial entity.

Tornado Cash dev Roman Storm could be looking at 45 years if convicted on all charges! 😳
Judge Failla isn't cutting him any slack, saying the DOJ's case is strong.
Yikes—crypto dev life really isn’t for the faint of heart these days! #TornadoCash

— Professor Crypto (@profcryptotalks) September 27, 2024

“This court cannot accept Mr. Storm’s narrative that he is being prosecuted merely for writing code,” Judge Failla stated during the ruling.

This case stems from an August 2023 indictment that alleges Tornado Cash executed $1 billion in money laundering transactions, including hundreds of millions of dollars laundered for North Korea’s state-sponsored hacking group, the Lazarus Group.

The group is notorious for its large-scale attacks on the digital asset sector, with the stolen cryptocurrency used to fund North Korea’s ballistic missile programs.

Alongside fellow Tornado Cash co-founder Roman Semenov, Storm also faces a charge of conspiracy to operate an unlicensed money transmitting business. If convicted, Storm could face a maximum of 45 years in prison.

“While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew that they were helping hackers and fraudsters conceal the fruits of their crimes,” U.S. Attorney Damian Williams said.

“When it became clear that a sanctioned North Korean cybercrime organization was using the platform to launder hundreds of millions of dollars derived from cyber heists, Storm and Semenov turned a blind eye to the illicit activity and made public representations that they were compliant with sanctions laws,” added FBI Assistant Director in Charge James Smith.

Roman Storm Case Draws Criticism from Crypto Community

The decision to proceed with the Tornado Cash trial has been met with pushback from members of the cryptocurrency community. Jake Chervinsky, Chief Legal Officer at the crypto venture capital firm Variant, criticized Failla’s ruling on X.

“Judge Failla’s ruling denying @rstormsf’s motion to dismiss the indictment is an assault on the freedom of software developers everywhere,” Chervinsky said. “This will go down in history as a perversion of law and a travesty of justice.”

Others in the crypto legal community echoed this sentiment. Amanda Tuminelli, Chief Legal Officer at the DeFi Education Fund, also voiced her disapproval on social media, listing several quotes from the New York judge that members of the crypto community may find troubling.

In the US v. Storm (Tornado Cash) hearing just now, the court rejected the arguments in Storm's motion to dismiss as a matter of law and heavily punted what she said were factual issues for trial ("To the extent Storm is asking me to decide a controverted issue of fact, I am not… https://t.co/enpBby3Gue

— Amanda Tuminelli (@amandatums) September 26, 2024

Scheduled for December 2 in New York, Roman Storm’s trial is anticipated to capture the attention of both legal experts and cryptocurrency advocates due to its potential to impact regulations.

The post Tornado Cash Co-Founder Roman Storm Heading For December Trial appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Bitcoin Set to Explode to $180K as Global Money Floods In: VanEck CEO
All news

Bitcoin Set to Explode to $180K as Global Money Floods In: VanEck CEO

26.10.2025
0

VanEck CEO Jan Van Eck has issued a bullish projection, stating that Bitcoin’s growing correlation with global M2 liquidity could...

Read moreDetails
Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

26.10.2025
Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

26.10.2025
SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

25.10.2025
Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

25.10.2025
Load More
Next Post
Bitcoin (BTC) Price Pushes Above $66K After Soft US Inflation – Here’s Where Its Headed Next

Bitcoin (BTC) Price Pushes Above $66K After Soft US Inflation – Here’s Where Its Headed Next

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Crypto Investment Products Record $352M Weekly Outflows Despite Strong Year-to-Date Performance

Crypto Investment Products Record $352M Weekly Outflows Despite Strong Year-to-Date Performance

2 months ago
How does Polymarket’s $364 million US election crypto prediction market work?

How does Polymarket’s $364 million US election crypto prediction market work?

1 year ago

Bitfinex Securities Granted License to Operate in Bitcoin-Legal El Salvador

3 years ago
U.S. Spot Bitcoin ETFs Record $92M in Daily Inflows Amid Market Dip

U.S. Spot Bitcoin ETFs Record $92M in Daily Inflows Amid Market Dip

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

Ethereum Price Prediction: Market Cap Resistance at $3,930 – What’s the Key Catalyst?

The 5 unbelievable crypto comeback stories that changed the world forever

XRP Price Prediction: Why Softer U.S. Inflation Data Could Accelerate Run to $2.80

Trending

Bitcoin Set to Explode to $180K as Global Money Floods In: VanEck CEO
All news

Bitcoin Set to Explode to $180K as Global Money Floods In: VanEck CEO

26.10.2025
0

VanEck CEO Jan Van Eck has issued a bullish projection, stating that Bitcoin’s growing correlation with global...

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

26.10.2025
Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

26.10.2025
SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

25.10.2025
Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

25.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz