Roman Storm, a developer of Tornado Cash, was found guilty by a New York jury for conspiracy to operate an unlicensed money transmitting business. He faces up to five years in prison. The jury did not convict him of sanctions evasion. They were unable to reach a unanimous verdict on the money laundering charge, which carries a potential 20-year sentence. Tornado Cash, developed in 2019, aims to improve privacy for crypto owners by pooling funds to disrupt blockchain transaction trails.
The jury found Roman Storm guilty of operating an unlicensed money transmitting business, while not convicting him of sanctions evasion or money laundering. His maximum sentence could be five years in prison.
Tornado Cash was designed to conceal ownership of cryptocurrencies by pooling funds and distributing them into new wallets, disrupting the traceability of blockchain transactions.
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