TechFlow, August 7 — According to The Block, a Manhattan jury has found Tornado Cash developer Roman Storm guilty of conspiring to operate an unlicensed money transmitting business, but failed to reach a unanimous verdict on money laundering and sanctions-related charges.
Multiple crypto organizations, including the DeFi Education Fund, expressed disappointment with the verdict and stated they would continue supporting Storm. The Blockchain Association called the ruling a dangerous precedent for open-source software developers and urged Storm to appeal. Samson Enzer, partner at CahillNXT, said the outcome shows the government failed to sufficiently prove that Storm intentionally helped bad actors launder funds through Tornado Cash. Storm himself said he will continue fighting the charges.
