Tornado

Roman Storm will face trial for alleged money laundering via Tornado Cash

In a significant development for the cryptocurrency world, Roman Storm, co-founder of the controversial mixing service Tornado Cash, is gearing up for a trial set to commence on December 2, 2024, in New York. This follows a recent ruling by District Judge Katherine Polk Failla of the Southern District of New York, who denied Storm’s motion to dismiss serious money laundering charges against him. Storm, alongside his co-founder Roman Semenov,

Crypto Community Fights Back Against U.S. Sanctions on Tornado Cash

A group of pro-crypto organizations has filed an amicus brief in support of a lawsuit challenging the legality of sanctions imposed on the decentralized finance (DeFi) protocol Tornado Cash. The amicus brief, filed by the Blockchain Association, the DeFi Education Fund, and Coin Center, argues that the sanctions imposed by the Treasury Department’s Office of Foreign Assets Control (OFAC) are unlawful. The OFAC imposed sanctions on Tornado Cash in February,