Tornado Cash Developer Roman Storm Pleads Not Guilty to Money Laundering, Sanctions Evasion

Twister Money developer Roman Storm pleaded ”not responsible” to cash laundering fees and sanctions evasion and was launched underneath home arrest on bail of $2 million.

Storm, a twin US and Russian citizen who was arrested two weeks in the past, was ordered to obtain drug testing recurrently. He won’t be allowed to contact witnesses, co-defendants, or victims of his alleged crimes.

Prosecutors declare that Storm and Twister Money co-founders Roman Semenov and Alexey Pertsev assisted on-line criminals in laundering greater than $1 billion in cryptocurrencies, a lot of it stolen by North Korean hackers, together with the infamous Lazarus Group.

Pertsev was arrested in 2022 within the Netherlands and awaits trial there. Semenov was indicted along with Storm, though he has but to be arrested.

How Twister Money Labored?

Twister Money combined cryptocurrencies belonging to varied customers and obfuscated the origin of funds that went by way of them. Such companies have been initially invented to convey some privateness again to the crypto world, which was eradicated with the invention of block explorers.

US Legal professional Damien Williams stated Storm and the opposite builders knew what their service was used for and knowingly facilitated cash laundering.

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