The U.S. Department of Justice seeks to re-examine developer Roman Storm of Tornado Cash in October.

robot
Abstract generation in progress

Deep Tide TechFlow News, March 10 — According to Decrypt, U.S. federal prosecutors have filed a motion with a Manhattan judge to reexamine Tornado Cash developer Roman Storm, regarding charges that the jury failed to reach a verdict on last August. The Department of Justice proposed re-trial of two conspiracy charges on October 5 or 12, which could carry a maximum sentence of 40 years in prison.

Last August, a Manhattan jury found Storm guilty of conspiracy to operate an unlicensed money transmitting business, but deadlocked on two more serious conspiracy charges. The U.S. Treasury Department had blacklisted Tornado Cash in August 2022, accusing the protocol of laundering $7 billion since 2019, including funds from North Korea’s Lazarus Group. The sanctions were later overturned by an appellate court as unlawful.

Notably, a report submitted to Congress on Monday by the Treasury Department acknowledged that “legitimate users may utilize mixers to achieve financial privacy.”

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin