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Tornado Cash cofounder Roman Storm pleads not guilty to laundering over $1 billion

Economic Times · 1y

A co-founder of Tornado Cash, a cryptocurrency platform under US sanctions, pleaded not guilty to federal charges of facilitating over $1 billion in money laundering, including for a cybercrime group linked to North Korea. Roman Storm, a naturalized US citizen, entered his plea and was arrested on August 23, released on a $2 million bond. The US Treasury had previously banned Tornado Cash, alleging that it was used by North Korea's Lazarus Group to launder hacking proceeds. Another co-founder, Roman Semenov, was indicted but remains at large.