Roman Storm, developer of the crypto-mixing platform Tornado Cash, has filed a motion to dismiss the criminal charges filed against him by US authorities. His request follows a significant legal decision by the Fifth Circuit Court, which ruled that sanctions imposed by the US Treasury’s Office of Foreign Assets Control (OFAC) on Tornado Cash’s immutable […]
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Tornado Cash co-founder Roman Storm has petitioned a judge to drop the criminal charges against him after an appeals court found the Treasury unlawfully sanctioned the crypto mixer.
As a U.S. Treasury official, Nelson went after the asset mixing service in a consequential case for the crypto sector that came to a head in 2024.
The US Treasury, under a Trump administration, may bring reform to how courts handle crypto mixer-related incidents, following OFAC’s overreach in the Tornado Cash sentencing.
Crypto exchange DMM will liquidate after suffering a $320 million hack back in May.
aOn November 26, the Fifth Circuit Court of Appeals ruled that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its authority by sanctioning crypto mixer Tornado Cash’s immutable smart contracts. The court declared that these autonomous smart contracts, which operate without human intervention, cannot be classified as “property” under federal […]
Tornado Cash developers are facing criminal charges, and affected parties have civil lawsuits pending against the US Treasury over sanctioning the crypto mixer.
Vitalik Buterin donated 30 ETH, worth just over $1 million, to Coin Center on Tuesday night.The donation came hours after a Coinbase-backed suit challenging U.S. sanctions against Tornado Cash won an appeals court victory.Coin Center is pursuing its own lawsuit against the Treasury Department's sanctions in a different appeals court.
The price of Tornado Cash’s TORN token skyrocketed to a two-year high after a US federal appeals court ruled that the US Treasury Department’s sanctions on the platform were unlawful. Tornado Cash is an on-chain privacy tool that uses immutable smart contracts to enable anonymous crypto transactions. The platform was sanctioned in 2022 by the […]
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A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department's earlier effort to directly sanction crypto mixing service Tornado Cash.The court found that the government didn't have the proper tools to include the actual technology underpinning the service as a sanctioned entity.
The court decision raises alarming legal concerns for the developers of privacy-preserving blockchain protocols.
Coin Center says that while a Trump administration will undoubtedly be positive for crypto, there are still several ongoing cases that could prove troublesome to investors and developers.
The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money.
In an interesting development, the US courts have sentenced a crypto mixer operator from Ohio to jail. This development comes amidst active enforcement actions by US prosecutors on crypto mixers due to their reported role in aiding money laundering, hacks, and other illicit activities. Related Reading: No Bail For Tornado Cash Dev Alexey Pertsev, Dutch […]
In the latest development in the ongoing prosecution of Tornado Cash co-founder Roman Storm, the presiding judge has adjourned the much-awaited trial until April 2025. This decision will see the money laundering and sanctions violations charges against the crypto developer drag on for at least the next five months. Mandamus Petition Trial Still Set For […]
Roman Storm, currently free on bail and facing three federal charges, will have another four months to prepare for his criminal trial.
Tornado Cash developer Roman Storm’s upcoming criminal trial has been pushed to April instead of a previously scheduled December start date, a New York judge ruled Friday.
An exploit on the Base blockchain revealed major vulnerabilities leading to $1M in stolen funds and raising security alarms in DeFi.
Ethereum (ETH) co-founder Vitalik Buterin has drawn much applause by donating a substantial amount of assets in legal aid of the Tornado Cash developers. Notably, this act comes after the prominent crypto figure stirred the market’s attention with a massive sell-off from his memecoin holdings. Related Reading: US Congress Will Be Key In Defining Crypto […]
The ongoing legal saga surrounding Tornado Cash, a cryptocurrency mixing service, has intensified as its co-founders face serious allegations of facilitating money laundering on a massive scale. Roman Storm and Roman Semenov have been charged by the US Department of Justice (DOJ) with running a facility purportedly aiding in the laundering of over $1 billion […]
Solana’s market cap could reach 50% of Ether’s due to its superior transaction throughput, according to asset management giant VanEck.
The Penpie protocol hacker funneled $7 million through Tornado Cash hours after stealing $27 million, highlighting DeFi security risks.
Developer of privacy protocol Tornado Cash, Alexey Pertsev, is actively looking to raise funds in order to continue the legal struggle in the Netherlands. The convicted developer, sentenced to five years in prison, looks forward to raising $750,000 to $1 million for the needed legal lifeline. Related Reading: Altcoins Facing Severe Losses, But Experts Suggest […]
The transfer involving the NomadBridge exploiter and Tornado Cash highlight the ongoing battle between privacy and regulation in the cryptocurrency industry.
The Federal Reserve Bank of New York published a report Wednesday morning assessing the effect sanctions had on Tornado Cash.
The hacker’s use of Tornado Cash marks the first movement of the stolen Unizen funds since March, heightening security concerns.
According to a report from PeckShield, ETHTrustFund transferred its entire treasury funds to a new account and then attempted to launder the funds through mixer apps.
Alexey Pertsev, the co-founder and developer behind Tornado Cash, was denied bail by a Dutch court on Friday, according to DLNews.
CoinStats said in a July 5 update that it’s still investigating the incident and is taking action to secure its new infrastructure.
Tornado Cash’s founders and developers are in the legal crosshairs, but the crypto community argues merely writing code shouldn’t be a crime.