News
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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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.
- Analysis
Tornado Cash co-founder Roman Storm’s trial could set a precedent for how much responsibility developers bear for decentralized tools used illegally.
1503 - News
Roman Storm’s trial on money laundering and sanctions charges begins on Monday, with $1.96 million raised to cover legal expenses so far.
30195 - News
The Tornado Cash co-founder is scheduled to go to trial on Monday, but his defense attorneys are still waiting on rulings for motions over witnesses in the case.
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A coalition of major crypto groups is urging a federal court to reject the DOJ’s effort to apply money transmission laws to open-source software.
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The judge reportedly said she would not be inclined to have attorneys bring up the US Treasury’s 2022 sanctions against Tornado Cash after they were withdrawn in March.
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The dismissal came days before Tornado Cash developer Roman Storm was scheduled to face charges in US federal court.
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Roman Storm is scheduled to appear in a New York courtroom for his criminal trial on July 14, facing money laundering and conspiracy charges.
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Paradigm’s chief legal officer and general counsel said if Roman Storm is found guilty, it could slow future software development in the crypto and fintech industries.
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Roughly two years after the initial indictment, the Tornado Cash developer’s criminal trial is expected to begin on July 14.
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Taiwan-based exchange BitoPro confirmed an $11.5 million crypto exploit weeks after the breach, saying user funds and withdrawals were unaffected.
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Tornado Cash developer Roman Storm's defense cited the same set of FinCEN documents used by the Samourai Wallet developers' legal team.
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US government charges against Tornado Cash co-founder Roman Storm were slightly pared back after a memo said the Justice Department would end most crypto cases.
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Crypto investigator claims police wrongly detained a security expert in a 2022 Bored Ape NFT heist, identifying a different suspect through on-chain forensics.
3026 - Explained
Tornado Cash is designed to make transactions private, but allegations of money laundering led to US sanctions, though they were lifted in March 2025.