Tornado Cash co-founder Roman Storm seeks dismissal of three money laundering and other charges against him
PANews reported on March 31 that Cointelegragh reported that Tornado Cash co-founder Roman Storm had filed a motion seeking to dismiss all three charges against him, including operating a money laundering business and violating the International Emergency Economic Powers Act. Storm's lawyers said the charges were "fatally flawed" and must be dismissed. Tornado Cash was developed and publicly available before it was used by hacking groups sanctioned by the U.S. Treasury Department. Therefore, Storm cannot prevent sanctioned entities from using Tornado Cash. Furthermore, Tornado Cash is not a money transfer business as it does not charge transfer fees and users retain sole control over their cryptocurrency. According to previous news, Storm pleaded not guilty to all charges in September last year and was released on a $2 million bail shortly after his arrest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UXLINK: Multisig wallet suffers security vulnerability, funds illegally transferred
Citadel Securities: S&P 500 Index Has Its Weakest Trading Week of the Year This Week
SOL Strategies CEO Leah Wald to Step Down
White House: Trump to deliver a major speech tomorrow night
Trending news
MoreCrypto prices
More








