Today in the southern district of New York (SDNY), the Tornado Cash Co-Faming Co-Founding has been stated in the second count on its accusation, conspiracy to manage a money transmission activity without a license.
The jury did not reach a unanimous verdict for the other two counts: conspiracy to commit recycling money and conspiracy to violate the sanctions.
The jury reached this verdict of guilt after three and a half days of resolution and after a process that began in half of last month.
Following the guilt of the accusation of money transmission, Storm now risks up to five years of prison.
Judge Failla refuses the movement to reimburse Storm
In the wake of the verdict issued, the accusation made a motion to send in custody, claiming to be a flight risk.
Mrs. Klein of the defense rejected the statement of the government, stating that the storm had few reasons to escape from the United States, especially considering that her home in the Washington state is linked in a 2 million dollar bail; That his daughter, of whom she has a partial case, and her girlfriend is based in the United States and her parents are the owners of green cards; And that large cryptocurrency community that supported the storm is based in the United States and that it is hoped that they will continue to support the storm while appealing to the verdict.
The accusation said that now that the storm has been sentenced for a crime, has more incentives to escape, but the judge was not convinced.
He said that the “stability of the verdict is still at stake” (probably referring to the idea that the storm will appeal to the verdict), before adding that his “incentives have moved enormously” and then he will deny the motion of the accusation to postpone it.
American lawyer for Sdny Chimes in
Shortly after the execution of the verdict, the United States prosecutor for the SDNY (and the former president of the commission for the titles and exchanges of the United States) Jay Clayton released a statement on the verdict.
“Roman Storm and Tornado Cash have provided a service for North Korean hackers and other criminals to move and hide over $ 1 billion in dirty money,” said Clayton.
“The speed, efficiency and functionality of Stablecoin and other digital resources offer great promises, but that promise cannot be an excuse for crime. The criminals that use new technologies to commit ancient crimes, including hiding dirty money, minimize the trust of the public and have unjustly overshadow the many innovators who operate legally”, he added.
“This office and our partner agencies undertake to consider those who exploit emerging technologies responsible to commit crime”.
Clayton did not recognize the reminder issued by the Deputy Prosecutor General of the United States Todd Blanche in which Blanche said that the United States Department of Justice “will stop participating in the regulation for judicial proceedings” in the cryptographic space and that no more targeting services are targeted for virtual currencies for the documents of their end users.
Furthermore, it did not mention that the vast majority of the funds that move through Tornado Cash users did not prove to be illicit.