Tornado Cash Developer Asks for Support Ahead of Trial That Could Set ‘Major Precedent’ for Crypto
One of the founders of sanctioned crypto mixer Tornado Cash (TORN) is asking for monetary assist forward of his prison trial in the US.
Roman Storm was arrested final 12 months and charged by the U.S. Division of Justice (DOJ) for allegedly laundering $1 billion in prison proceeds.
In a brand new video posted on the social media platform X, Storm is asking for donations to assist fund his authorized protection and saying, “Honestly, I’m scared.”
He warns that the end result of his trial can have important implications for the longer term of digital belongings.
“Hello, my identify is Roman Storm. I’m a passionate software program developer. And 4 years in the past, I helped develop Tornado Cash, an open supply non-custodial privateness protocol. Just a few months in the past, regardless of my ongoing cooperation with the US authorities, closely armed FBI brokers raided my dwelling at 6 a.m. and arrested me in entrance of my three-year-old daughter. My authorized group and I are going to place forth a strong protection at trial, not simply for my household’s sake, however for the longer term software program builders and monetary privateness.
Of us, I want your assist. Whether or not you’re a passionate developer like me concerned with web3, or simply care about software program and privateness, this authorized battle will have an effect on you. So please assist contribute to my authorized protection, as a result of this case will set a serious precedent for years to come back. JusticeDAO (decentralized autonomous group) has put collectively a quantity of choices to donate. Will you help this trigger? Each contribution counts. Thanks.”
Tornado Cash is an Ethereum (ETH)-based coin mixing system that helps customers conceal their digital belongings. TORN is the 1421st-ranked crypto by market cap. The undertaking was sanctioned by the US in 2022 for nationwide safety functions.
Final 12 months, Storm, alongside Roman Semenov, one other Tornado Cash founder, was charged by the DOJ with conspiracy to assist North Korean hacking group Lazarus launder cash.
In August 2022, a 3rd co-founder of Tornado Cash, Alexey Pertsev, was arrested within the Netherlands on cash laundering costs.
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