News
If convicted of the three charges, the Tornado Cash developer could face more than 40 years in prison.
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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
The DOJ reportedly confirmed it is not targeting Dragonfly Ventures or its executives in the Tornado Cash case, despite earlier speculation and courtroom remarks.
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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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Dragonfly Capital’s early investment in Tornado Cash could expose the firm to potential legal action from the DOJ.
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Reporting from the New York courtroom suggested that the Tornado Cash developer could wrap up his defense in a few days, but whether he would take the stand was still unclear.
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After two weeks of hearing from US government witnesses, Roman Storm’s legal team called Preston Van Loon to the stand to kick off its defense case.
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With the trial of the Tornado Cash co-founder ending its eighth day, a witness testified Roman Storm had control over some of the funds connected to the mixing service.
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Tornado Cash co-creator Roman Storm, facing 45 years behind bars, could move for a mistrial after claiming that a scam victim’s testimony wasn’t connected to the crypto mixer.
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The second week of the Roman Storm trial kicked off with Judge Katherine Failla allowing a witness to testify that Tornado Cash could have been modified to prevent criminal use.
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The fourth day of the Tornado Cash developer’s criminal trial in New York kicked off with witnesses from the FBI.
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US Attorneys continued hearing from witnesses in their case against the Tornado Cash co-founder and filed a motion to block testimony on crypto-related kidnappings and torture.
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The Tornado Cash co-founder’s legal team argued he “had nothing to do” with hackers using the crypto mixing service as his criminal trial kicked off.
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Tornado Cash co-founder Roman Storm’s trial could set a precedent for how much responsibility developers bear for decentralized tools used illegally.
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