Judge Katherine Polk Failla of the Southern District of New York has reportedly denied the motion to dismiss the charges against Tornado Cash co-founder Roman Storm. Storm’s legal woes stem from allegations that Tornado Cash developers aided the North Korean hacking group Lazarus in laundering illegal funds through the crypto mixer. In a bid to […]
The post US Judge Denies Tornado Cash Developer Roman Storm’s Motion To Dismiss, Trial Set for December: Report appeared first on The Daily Hodl.
Roman Storm, a software developer of Tornado Cash, is headed to trial after a New York judge ruled against his motion to dismiss criminal charges. District Judge Katherine Polk Failla rejected Storm’s request to drop charges tied to money laundering and sanctions violations. Russian co-defendant Roman Semenov remains elusive and on the run, evading capture […]
Tornado Cash developer Roman Storm is eyeing a maximum of 45 years in prison if convicted of all charges, with a trial set for December.
Roman Storm, a developer and co-founder of Tornado Cash, will face criminal trial over his creation of the crypto-mixing platform after a judge denied his motion to dismiss a United States government case.
In a Sept. 26 telephone conference, New York district court judge Katherine Polk Failla denied Storm’s bid to toss three federal charges brought by the Justice Department, saying government prosecutors had lodged plausible allegations against him.
Storm and fellow co-founder Roman Semenov were charged last August with conspiracy to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money-transmitting business.
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts […]
Pertsev’s case is a pivotal moment for the crypto community and advocates of digital privacy.
The legal battle surrounding Tornado Cash developer Alexey Pertsev has reached a critical juncture as he seeks additional funding to continue his fight for privacy rights and the freedom to publish code.
According to the support account for Pertsev and Roman Storm, Pertsev, who was arrested two years ago and is embroiled in a high-stakes legal dispute, is now facing an uphill battle against government forces equipped with vast resources dedicated to his prosecution.
The support account highlighted the dire financial situation, noting that Pertsev has exhausted his funds. “It’s time to take a stand with Alexey and fight for what’s right,” the account stated, emphasizing the urgent need for between $750,000 and $1 million to cover ongoing legal expenses.
According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receiving deposits from sanctioned entities, including Garantex and Tornado Cash, will trigger compliance risk control, ultimately leading to account closure. Similarly, any […]
A staff report published by several New York Federal Reserve employees found that Ethereum “is not immune to censorship and cooperation,” which depends on the roles of several actors across the network. The paper examined how the network performed after Tornado Cash, one of the main mixers in the blockchain, was sanctioned by the OFAC. […]
Pertsev will now spend the next year in prison while his lawyers prepare an appeal for money laundering charges.
Alexey Pertsev, the developer behind the OFAC-sanctioned crypto mixer Tornado Cash has been denied bail while his lawyers prepare to submit an appeal for charges of money laundering.
Pertsev’s defense lawyer, Keith Cheng, told DL News the rejection of Pertsev’s bail request came as a surprise, noting that an additional request for Pertsev to gain access to a computer to prepare for his appeal was also denied.
The court said Pertsev's continued detention would not obstruct his ability to prepare his defense, adding that Pertsev's request for computer access went against its safety protocol.
Tornado Cash’s founders and developers are in the legal crosshairs, but the crypto community argues merely writing code shouldn’t be a crime.
The crypto community has rallied behind the developers of former crypto mixing service Tornado Cash, who have been charged with money laundering, sanctions violations and operating an unlicensed money-transmitting business — with one already having been convicted and sentenced to jail.
Following the arrests of Tornado Cash co-founder Roman Storm and developer Alexey Pertsev, the crypto community came together to establish JusticeDAO, an advocacy group that aims to raise money for the arrested individuals’ legal defense.
The group has raised over 654 Ether (ETH), worth $2.3 million at publishing time, through a fundraiser called “Free Alexey & Roman” on the decentralized platform Juicebox. The fund also raised 70 ETH via the JusticeDAO page.
The hacker who attacked the decentralized cross-chain protocol Orbit Bridge in December is beginning to move the stolen crypto. The digital asset de-anonymizing platform Arkham notes that the hacker moved 8,671 Ethereum (ETH) worth $32 million to a new address and is in the process of depositing the crypto stack into Tornado Cash, a controversial […]
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