A Manhattan jury convicted Tornado Cash co-founder Roman Storm on Wednesday of conspiring to operate an unlicensed money-transfer business, though jurors deadlocked on charges of money laundering conspiracy and sanctions violations after three days of deliberation.
Federal prosecutors alleged Storm helped cybercriminals launder more than $1 billion through the cryptocurrency mixing platform, which launched in 2019 as a decentralized protocol designed to obscure transaction origins by pooling and redistributing funds through smart contracts.
Abstract credit: https://slashdot.org/story/445258
cm0002
lemmy.world
cm0002@lemmy.world