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Tornado Cash Developer Roman Storm Guilty on One Count in Federal Crypto Case
A federal jury found crypto developer Roman Storm guilty of operating an unlicensed crypto business, but cleared him of sanctions violations and deadlocked on a money laundering charge.
Roman Storm, one of the developers of crypto anonymizing tool Tornado Cash, has been found guilty of conspiracy to operate an unlicensed money transmitting business by a jury in a court in New York. The idea was to conceal the ownership of crypto coins, by pooling funds belonging to various different parties, then dishing them into brand-new wallets, thereby interrupting the public trail of transactions recorded on a blockchain. Their witnesses included a scam victim whose stolen funds were said to have passed through Tornado Cash—though this account was contested online by prominent members of the crypto industry—and a convicted fraudster who used the service to launder ill-gotten gains.
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