Roman Storm's Money laundering trial

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crypto enforcement

Wired

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Business

Business & Economics

Tornado Cash Made Crypto Anonymous. Now One of Its Creators Faces Trial

Summary

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74% Informative

Roman Storm is one of the creators of Tornado Cash , a software tool for anonymizing crypto holdings.

On July 14 , the Kazakh -born developer will stand trial in the Southern District of New York .

The DOJ alleges that Storm built and profited from a tool that allowed illicit actors to launder at least $1 billion in crypto.

OfAC scrapped sanctions imposed on Tornado Cash after a successful legal challenge by members of the crypto industry.

The DOJ's decision to press onward might be interpreted as a signal of its confidence in its evidence.

A guilty verdict could deal a potentially fatal blow to decentralized finance, Storm has implied.

“ The Supreme Court of the United States may be where we end up. ”For his part, Storm has cut a resolute and unrepentant figure as his trial date approaches. “I do not have any regrets of my actions,” he said in a recent interview with the Crypto In America podcast. “I wouldn’t change anything I’ve done.”.

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semi-formal

Language

English

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not offensive

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not hateful