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Tornado Cash Co-Founder Convicted of Operating Unlicensed Money Transmitter
Tornado Cash Co-Founder Convicted of Operating Unlicensed Money Transmitter
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BTCCSquare news:
Tornado Cash co-founder Roman Storm faces up to five years in prison after a Manhattan jury found him guilty of operating an unlicensed money-transmitting business. The verdict, delivered under federal statute 18 U.S.C. § 1960, marks a pivotal moment in the U.S. government's crackdown on cryptocurrency privacy tools.
Prosecutors alleged Storm enabled illicit activity by groups like North Korea's Lazarus Group, though his defense team argued his lack of control over the decentralized protocol. The jury deadlocked on additional charges of money laundering and sanctions violations, leaving the case unresolved as Judge Katherine Polk Failla acknowledged further legal battles ahead.
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