Tornado Cash developer Roman Storm released on bail, lawyer says

1 year ago

Roman Storm’s lawyer Brian Klein said the developer was released connected bail connected Aug. 24, the time aft the U.S. DOJ announced the charges related to money-laundering and different alleged violations.

Tornado Cash developer Roman Storm released connected  bail, lawyer   says

Roman Storm, the co-founder of the cryptocurrency mixing work Tornado Cash who was arrested connected money-laundering and different charges connected Aug. 23,  was released connected bail soon aft helium was detained by the United States’ Department of Justice (DOJ), his lawyer said.

Storm’s lawyer Brian Klein took to X (formerly Twitter) connected Aug. 24 to announce that Storm has been released connected bail.

Klein noted that helium inactive remains “very disappointed” astir the information that the prosecutors charged the developer conscionable due to the fact that helium helped to make software. He added:

“Their caller ineligible mentation has unsafe implications for each bundle developers.”

The bail came the adjacent time aft the U.S. DOJ announced the apprehension of Storm alongside the charges against Tornado Cash founders, Storm and Roman Semenov, connected Aug. 23.

The U.S. authorization specifically charged the developers with operating the Tornado Cash services and allegedly laundering much than $1 cardinal successful “criminal proceeds.” Additional charges are related to “conspiracy to perpetrate sanctions violations,” arsenic good arsenic “conspiracy to run an unlicensed wealth transmitting business.”

Storm’s lawyer Klein did not instantly respond to Cointelegraph’s petition for comment.

Related: Tornado Cash suit justice sides with US Treasury successful motions for summary judgment

The latest quality comes astir a twelvemonth aft the U.S. Treasury Department added Tornado Cash-related addresses to the list of Specially Designated Nationals of the Office of Foreign Asset Control. Subsequently, authorities successful the Netherlands arrested different Tornado Cash developer, Alexey Pertsev. The developer was released from jail successful April 2023, aft spending astir 9 months successful prison.

Pertsev and Storm are not the lone prosecuted developers related to Tornado Cash, though. Another co-founder, Roman Semenov, was added successful the OFAC’s database of Specially Designated Nationals and Blocked Persons connected Aug. 23 arsenic well. The developer remains astatine large.

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