Altcoins News
By Julie Binoche
1 / 15
What Is Tornado Cash and Why Is This Important?. Tornado Cash is a coin mixer—a tool that lets users hide the source and destination of their…
2 / 15
Ethereum Foundation Says “Writing Code Is Not a Crime”. In a post on X (formerly Twitter), Wei Wang, Co-Executive Director of the Ethereum Foundation,…
3 / 15
What Happens Next?. Since the jury could not reach a decision on the two more serious charges—money laundering and…
4 / 15
The Bigger Picture: A Warning for Developers?. Storm’s conviction—and the threat of further charges—has sparked concern across the crypto and…
5 / 15
Similar Case: Samourai Wallet Founders Plead Guilty. Just days before Storm’s partial conviction, the founders of another crypto privacy tool, Samourai…
6 / 15
Final Thoughts. Roman Storm’s legal fight is far from over. The Ethereum Foundation’s matching pledge is a strong…
7 / 15
The Ethereum Foundation has pledged to match up to $500,000 in donations to support the legal defense of Roman Storm, co-founder of Tornado Cash, a crypto privacy tool.
8 / 15
Storm is also facing two other charges—money laundering and breaking U.S. sanctions—but the jury couldn’t agree on a verdict for those.
9 / 15
In 2022, the U.S. Treasury Department sanctioned Tornado Cash, claiming that over $7 billion had been laundered through the protocol, including funds linked to North Korea's…
10 / 15
Storm’s case has become a flashpoint for the entire crypto industry, especially for developers of open-source privacy tools.
11 / 15
“Privacy is normal, and writing code is not a crime.”
12 / 15
By matching donations up to $500,000, the Foundation is helping raise a total of $1 million toward Storm’s appeal and legal fight.
13 / 15
Since the jury could not reach a decision on the two more serious charges—money laundering and sanctions evasion—the government can choose to retry those counts.
14 / 15
Even if he’s only convicted on the one charge already decided, he could still face up to 5 years in prison, according to the legal aid group.
15 / 15
Storm’s lawyers are now preparing an appeal, which could take months or even years. In July, he said that his legal expenses were climbing quickly and asked the community for…
The Currency Analytics
Want the full story?