Co-founder of Tornado Cash Released on Bail After Indictment
Roman Storm, one of the co-founders of cryptocurrency mixing service Tornado Cash, has been released on bail after being indicted on charges of conspiracy to launder money and violate sanctions laws. His lawyer, Brian Klein, shared the news on X. Storm and another co-founder, Roman Semenov, were accused of creating Tornado Cash to enable cybercriminals to anonymize cryptocurrency transfers.
- Roman Storm has been released on bail after being indicted for conspiracy to launder money and violate sanctions laws.
- U.S. authorities believe Tornado Cash has laundered over $1 billion in digital currency.
- The indictment alleges that a significant amount of the funds went to the Lazarus Group, a hacking organization associated with North Korea.
- Storm’s lawyer expressed disappointment in the charges, stating that they have dangerous implications for all software developers.
- Storm has been cooperating with the investigation and denies any criminal conduct.
It is concerning that Roman Storm has been charged for his involvement in developing software, as this sets a potentially dangerous precedent for all software developers. While it is important to address illegal activities, it is crucial to ensure that innocent individuals are not wrongfully targeted. The case against Storm highlights the challenges of regulating the cryptocurrency industry and the ongoing battle against cybercriminals.
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