News
Though a Justice Department official did not mention the Tornado Cash developer by name, he made many general references to enforcement cases involving similar allegations.
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Latest Tornado Cash News
Tornado Cash is a cryptocurrency transaction privacy tool built on the Ethereum network. It uses privacy-enhancing tools termed crypto mixers to obscure the origin and destination of cryptocurrency transactions.
By mixing multiple transactions together, crypto mixers make it hard to trace the flow of funds, boosting user privacy and security.
North Korean hackers rely on services like Tornado Cash to conceal the origin of their ill-gotten funds. On Aug. 8, 2022, the U.S. Department of Treasury’s Office of Foreign Assets Control sanctioned Tornado Cash, accusing it of money laundering.
- News
Federico Carrone, an Ethereum core developer, pledged $500,000 to the Tornado Cash co-founder’s legal fund after being detained in Turkey over alleged links to a privacy protocol.
5795 - News
After a New York jury found the Tornado Cash co-founder guilty of one of three charges he had been facing, US authorities still have the option of filing for a retrial.
2731 - News
Carrone says friends and global contacts helped secure his release after Turkey accused him of aiding misuse of an Ethereum privacy tool; legal fight ongoing.
6729 - News
Court documents showed there was at least one 90-year-old, and some people had “set in stone” their opinions about the Tornado Cash co-founder’s criminal charges.
6921 - News
Donations to the embattled software developer increased after Wednesday’s partial verdict and the possibility of a retrial.
2737 - Analysis
Tornado Cash developer Roman Storm’s conviction misapplies money transmitter laws, crypto industry group says.
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Roman Storm’s trial verdict leaves the door open for US prosecutors to retry the Tornado Cash developer, attorneys said.
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With a sentencing hearing scheduled in a matter of weeks, Roman Storm is potentially looking at five years in prison for running an unlicensed money transmitting service.
4685 - Breaking news
Judge issues Allen charge after jury deadlocks in Tornado Cash trial, keeping the case alive as questions mount over crypto developer liability.
19604 - News
If convicted of the three charges, the Tornado Cash developer could face more than 40 years in prison.
2877 - News
The DOJ reportedly confirmed it is not targeting Dragonfly Ventures or its executives in the Tornado Cash case, despite earlier speculation and courtroom remarks.
2435 - News
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill say they’ll change their not guilty plea relating to charges tied to their crypto mixing service.
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Both prosecutors and defense attorneys have made statements in court about a T-shirt Roman Storm wore at a 2019 Ethereum conference in Boston.
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Tornado Cash co-creator Roman Storm has asked for additional financial support toward his legal defense as the landmark trial enters its third week.
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