Tornado Cash co-founder found guilty on 1 of 3 charges after jury deadlock
With a sentencing hearing scheduled in a matter of weeks, Roman Storm is potentially looking at five years in jail for running an unlicensed money transmitting service.
A Manhattan jury found Tornado Cash co-founder and developer Roman Storm guilty of charges related to conspiracy to run an unlicensed money business.
In a Wednesday decision in the US District Court for the Southern District of New York (SDNY), Storm was found guilty of one felony charge related to his role at Tornado Cash, according to court reports from Inner City Press.
The jury convicted Roman on conspiracy to run an unlicensed money transmittal business, which carries a maximum sentence of up to five years in prison. No unanimity was reached on charges of conspiracy to commit money laundering nor on conspiracy to violate North Korea sanctions.
Source: Cointelegraph →Related News
- 2 hours ago
Onchain collateral could get you better loan terms — Crypto bank exec
- 2 hours ago
Dogecoin targets $0.60 next after DOGE price gains 40% in one week
- 6 hours ago
Web3 white hats earn millions, crushing $300K traditional cybersecurity jobs
- 6 hours ago
Web3 needs to rely on Web2 to survive
- 6 hours ago
The intersection of DeFi and AI calls for transparent security