A Manhattan jury found the Tornado Cash co-founder and developer of Roman Storm guilty of conspiracy-related charges to run an unlicensed money business.
In a Wednesday’s decision to the US district court for the Southern District of New York (SDNY), Storm was found guilty of a felony charge related to his role in Tornado Cash, According to In court reports from the Inner City Press.
The jury condemned Roman for the conspiracy to run an unlicensed business that sends money, carrying a maximum sentence of up to five years in prison. No unity has been reached on conspiracy charges to make money losses or in conspiracy to violate North Korean penalties.
After four days of consultations, trial jurors inform the court in early Wednesday that they has been that -deadlocked on some chargesthat motivates the judge to issue a special instruction that encourages them to reach a united judgment.
The prosecutor’s case focuses on the presentation of witnesses, mainly from the Federal Bureau of Investigation, the Internal Revenue Service and Hackers, which testified that the storm has the ability to change the Tornado Cash code to prevent the forbidden use of criminals but not selected. The legal storm team puts its own experts, including Ethereum core developer Preston Van Loon and Naxo co-founder Matthew Edman.
The Tornado Cash co-founder was accused of August 2023 for money laundering, conspiracy to operate an unlicensed money transmitter and conspiracy to violate US sanctions. Storm apologized for not being guilty and free of bail from his arraignment.
Related: What do you need to know about Roman Storm’s Tornado Cash Trial
Will Roman Storm take time to prison?
Judge Katherine Failla reported in the Storm trial that she was thinking of other Crypto-related cases, along with former FTX CEO Sam Bankman-Fried, former opensea product manager Nathaniel Chastain and Onecoin co-founder Karl Greenwood. All three, whose cases were smitten with SDNY, were punished for serving in prison.
https://www.youtube.com/watch?v=_vwulhcmk1e
Storm’s hearing has not been scheduled, and before and throughout the trial, Storm claimed he was innocent of charges.
Supporters of Tornado Cash Co-Founder contributed more than $ 3 million in his legal defense funds. Among those who donated the majority were Ethereum co-founder Vitalik Baterin, the founder of the paradigm Matt Huang and the Ethereum Foundation.
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Vince Quill’s additional reporting
