The trial of Tornado Cash developer Roman Storm has come to a conclusion, with the jury reaching a verdict on August 6. Storm has been found guilty on one count of operating an unlicensed money transmitting business. However, the jury was unable to reach a consensus on the charges of conspiracy to commit money laundering and sanctions violations, leading to a partial mistrial.
Indicted in August 2023, Storm faced the possibility of up to 40 years in prison if convicted on all charges. With the outcome of the trial, he now faces up to 5 years behind bars for the unlicensed money transmitting conviction. Despite the guilty verdict, Judge Katherine Polk Failla decided not to remand Storm back into custody, citing his incentive to stay and fight the case.
Following the verdict, federal prosecutors will decide whether to retry Storm on the hung jury charges. Meanwhile, Storm had been actively seeking financial support for his legal defense, urging donations on his official X account.
As of now, a date for Storm’s sentencing has not been scheduled. The outcome of the trial has left many wondering about the future of Tornado Cash and the implications for the broader cryptocurrency community. Stay tuned for further updates on this developing story.