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Tornado Cash Made Crypto Anonymous. Now One of Its Creators Faces Trial
Roman Storm, one of the developers of crypto-anonymizing tool Tornado Cash, will stand trial in New York starting July 14. His supporters claim the freedom to develop software is under threat.
Tornado Cash had been used to launder billions of dollars worth of crypto, OFAC alleged, including $455 million stolen by the Lazarus Group, a cybercriminal operation sponsored by the state of North Korea. The legal wranglings in the leadup to trial suggest that the prosecution and defense largely agree over the facts at hand: who developed Tornado Cash, its basic functions, and how it was abused by illicit actors. A guilty verdict, Storm has implied, could deal a potentially fatal blow to decentralized finance—the ambition in crypto circles to develop peer-to-peer financial services free from rent-seeking intermediaries and top-down control.
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