A Manhattan jury found Tornado Cash co-founder and developer Rome Storm guilty of allegations related to conspiracy to run a licensed currency business.
In a ruling Wednesday in the Southern District of New York (SDNY) District Court, Storm was found guilty of a felony charge related to his role in tornado cash, according to Report to the court of Inner City Press.
A jury found Roman criminals conspiring to operate an unlicensed currency transmission business, which could be sentenced to up to five years in prison. The charge is a charge of conspiracy to commit money laundering or a charge of conspiring to violate North Korean sanctions.
After four days of deliberation, jurors at the trial informed the court earlier Wednesday Stallion amid certain chargesprompting the judge to issue special instructions urging them to reach a consensus judgment.
The prosecutor’s case focused on introducing to witnesses, mainly from the FBI, the IRS and hackers, who testified that the Storm had the ability to modify the code of tornado cash to prevent illegal use by criminals, but chose not to use it. Storm’s legal team has presented its own experts, including Ethereum core developer Preston Van Loon and Naxo co-founder Matthew Edman.
Tornado Cash co-founder was charged in August 2023 for money laundering, conspiring to operate an unlicensed currency transmitter and conspiring to violate U.S. sanctions. Storm pleaded not guilty and has been released on bail since his arraignment.
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Judge Katherine Failla reportedly said she was paying attention to other crypto-related cases, including former FTX CEO Sam Bankman Fried, former Opensea product manager Nathaniel Chastain and Onecoin co-founder Karl Greenwood. These three cases were sued in SDNY.
https://www.youtube.com/watch?v=_vwulhcmk1e
Storm’s sentencing hearing has not been scheduled, and before and before the entire trial, Storm claimed he was innocent of allegations.
Supporters of Tornado Cash co-founder donated more than $3 million to his legal defense fund. Those who donate the most include Ethereum co-founder Vitalik Buterin, Paradigm founder Matt Huang and the Ethereum Foundation.
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Other reports by Vince Quill
