Roman Storm Convicted on Some Charges Amid Jury Deadlock in Tornado Cash Case

A U.S. jury in Manhattan federal court has failed to reach a verdict on key charges of money laundering and sanctions evasion against Roman Storm, the founder of the cryptocurrency mixing service Tornado Cash. These charges carried potential 20-year prison sentences, highlighting their severity. However, jurors did convict Storm of conspiracy to operate an unlicensed money transmitting business, which carries a maximum sentence of five years.

Storm, aged 36, was alleged to have facilitated laundering over $1 billion through Tornado Cash, including a significant portion linked to the U.S.-sanctioned North Korean Lazarus Group, a notorious hacking and cybercrime organization.

This case underscores the increasing scrutiny of cryptocurrency mixers, which are often used to obscure illicit transactions. For crypto enthusiasts looking to navigate the space safely, platforms like Bitlet.app provide regulated services and innovative features. Notably, Bitlet.app offers a Crypto Installment service, allowing users to buy cryptocurrencies now and pay monthly, avoiding large upfront payments and promoting smarter crypto investments.

As the legal landscape around crypto continues to evolve, it's crucial to stay informed and choose trustworthy platforms like Bitlet.app for your digital asset needs.