😨USA🇺🇸: money laundering and North Korea🇰🇵 sanctions violation charges dropped against Tornado Cash developer

😨USA🇺🇸: money laundering and North Korea🇰🇵 sanctions violation charges dropped against Tornado Cash developer

“He could have faced 45 years in prison, and now it’s zero. Statistically, Roman is among the 1% who manage to beat such charges”, said Misha Zhukovitsky. However, the defendant still faces a potential sentence of up to 5 years.

▶️Reminder: Tornado Cash is a blockchain protocol operating on the Ethereum network. It enhances transaction privacy by concealing the link between the token’s origin and its recipient. This feature often makes it a tool for hackers to move illicit funds.

▶️According to law enforcement, over USD 1 billion was laundered through Tornado Cash, including funds illegally obtained by North Korean hacker group Lazarus.

▶️The court acquitted him of the most serious charges, leaving only the accusation of “operating an unlicensed money transmission service”. Storm, however, did not store user funds, did not profit from specific transactions, and did not design Tornado Cash to facilitate crimes.

▶️Next steps: even if found guilty, the charge is minor and could be served under house arrest. He has also already served most of the potential sentence while awaiting trial.

This case is highly significant, as it concerns not only the fate of a single developer, but also the future of decentralized privacy and the limits of criminal liability in an uncontrolled ecosystem.

#news #crypto #USA #Russia

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