NEW YORK — A Manhattan jury will soon begin their deliberations in Roman Storm’s trial, deciding whether the Tornado Cash developer is guilty of helping hackers and other cyber criminals launder more than $1 billion in dirty money. Earlier in the day, the jurors heard closing arguments from both prosecutors and Storm’s defense team, who each … Read more
NEW YORK — The government officially rested its case against Tornado Cash developer Roman Storm on Thursday, bringing eight days of witness testimony to a close. Storm’s defense introduced its first witness, Ethereum core developer Preston Van Loon, on Thursday afternoon. Van Loon told the jury that he was a user of Tornado Cash, describing it … Read more
NEW YORK — Hack and scam victims who reached out to Tornado Cash requesting assistance retrieving their stolen funds received little in the way of help from the privacy tool’s developers, three government witnesses told the jury during day two of Roman Storm’s criminal money laundering trial. One victim, a Taiwan-born Georgia woman who said she … Read more
NEW YORK — There is at least one fact that both the defense and the prosecution agree in the ongoing criminal money laundering trial of software developer Roman Storm: the product he helped to create and run — a once-popular crypto privacy tool called Tornado Cash — was exploited by hackers and cyber criminals to launder their … Read more
NEW YORK — A 12-person jury has been seated for Tornado Cash developer Roman Storm’s criminal trial, and opening arguments are set to begin later this afternoon in the Thurgood Marshall courthouse in lower Manhattan. Seven women and five men with a diverse range of backgrounds and ages will decide whether the U.S. Department of … Read more
NEW YORK, New York — Tornado Cash developer Roman Storm’s criminal money laundering is slated to begin in Manhattan on Monday morning, when Storm’s lawyers and prosecutors will begin to select a jury to oversee Storm’s four-week trial. Storm was arrested in Washington state in 2023 and charged with conspiracy to commit money laundering, conspiracy … Read more
Tornado Cash co-founder Roman Storm is set to stand trial on Monday in the Southern District of New York (SDNY) on federal charges that could put him behind bars for more than 40 years. Prosecutors allege he conspired to launder money, violated US sanctions and operated an unlicensed money-transmitting business stemming from his role in … Read more
Tornado Cash co-founder Roman Storm is set to stand trial on Monday in the Southern District of New York (SDNY) on federal charges that could put him behind bars for more than 40 years. Prosecutors allege he conspired to launder money, violated US sanctions and operated an unlicensed money-transmitting business stemming from his role in … Read more
Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system. Banks and asset managers have been exploring “tokenising” traditional assets like bonds for several years. They hope that … Read more
Apple Inc. will defend allegations that it made “exorbitant profits” by using its App Store to abuse its dominant market position at the first UK class action trial against a Big Tech firm. The suit at London’s Competition Appeal Tribunal started on Monday alleging that millions of “captive” iPhone and iPad users paid the price … Read more