Tornado Cash Co-Founder Roman Storm Released on Bail

One of the founders of the Tornado Cash crypto mixer, Roman Storm, has been released connected bail, his lawyer announced connected societal media. Storm, who was arrested successful the United States, has been charged with wealth laundering and sanctions violations done the unlicensed platform.

Storm Out connected Bail After Indictment for His Role successful Running Tornado Cash

Roman Storm, a co-founder of the cryptocurrency mixing work Tornado Cash, has been released connected bail, his lawyer Brian Klein revealed Thursday successful a station connected X, formerly Twitter. The quality came a time aft Storm and different co-founder, Roman Semenov, were indicted connected charges of conspiracy to launder wealth and interruption sanctions laws portion operating an unlicensed money-transmitting business.

Pleased to stock that my lawsuit Roman Storm is already retired connected bail, though I stay precise disappointed that the prosecutors charged him due to the fact that helium helped make bundle – their caller ineligible mentation has unsafe implications for each bundle developers.https://t.co/elmU8VqpYq

— Brian Klein (@brianeklein) August 24, 2023

U.S. authorities judge that the mixer has laundered much than $1 cardinal successful integer currency. According to the indictment, unsealed connected Wednesday, the full includes hundreds of millions of dollars that allegedly went to the Lazarus Group, a hacking enactment moving for North Korea.

Prosecutors impeach Storm and Semenov of creating Tornado Cash to let cybercriminals to anonymize specified transfers of crypto funds. While Storm, 34, had been arrested successful Washington state, Semenov, a 35-year-old Russian national, remains astatine large.

In his tweet, Klein said helium was pleased with Storm’s release, but astatine the aforesaid clip expressed his disappointment that his lawsuit had been charged for helping make software. He warned that the prosecutors’ determination volition person “dangerous implications for each bundle developers.”

Storm has been cooperating with the government’s probe and denies immoderate transgression conduct, his lawyer pointed retired successful different statement.

The U.S. sanctioned the Lazarus Group successful 2019 and Tornado Cash successful 2022. The Treasury Department sanctioned Semenov connected Wednesday for “providing worldly support” to both.

What are your thoughts connected the Tornado Cash case? Share them successful the comments conception below.