Co-Founder of Tornado Cash Pleads Not Guilty to Money Laundering and Sanctions Violations Charges
Summary:
Roman Storm, co-founder of cryptocurrency mixer Tornado Cash, pleads not guilty to money laundering and sanctions violations charges. Storm and alleged co-conspirator Roman Semenov are accused of aiding the North Korean Lazarus Group in bypassing U.S. sanctions. Further updates to follow.
The co-founder of the controversial cryptocurrency mixer, Tornado Cash, Roman Storm, who was arrested in August, has pleaded not guilty to charges of money laundering and violations of U.S. sanctions. Storm entered his plea before a judge in the Southern District of New York, according to an X thread from Inner City Press on September 6. Together with his alleged co-conspirator, Roman Semenov, Storm faces charges of conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business. The charges stem from Tornado Cash's alleged facilitation of the North Korean Lazarus Group in bypassing U.S. sanctions, enabling the country to fund its nuclear program. After being released on a $2-million bond following his arrest, Storm's mobility is now limited to specific regions of New York, New Jersey, Washington, and California. As more information becomes available, we will continue to update this developing story.
Published At
9/6/2023 6:29:33 PM
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