news 
Jury Convicts Roman Storm on Unlicensed Money Transmission; Hung on Laundering, Not Guilty on Sanctions
A Manhattan federal jury has convicted Tornado Cash developer and co-founder Roman Storm of conspiring to operate an unlicensed money transmitting business. The jury delivered a mixed verdict, finding Storm not guilty of sanctions evasion under IEEPA and unable to reach a unanimous verdict on the charge of money laundering.
According to reports, the prosecution had charged Storm with conspiracy to launder money, operate an unlicensed money transmitting business, and violate US sanctions tied to his role in building and operating Tornado Cash, a decentralized, non-custodial privacy solution built on Ethereum. The platform is designed to anonymize crypto transactions via zk-SNARK smart contracts.
The jury delivered its verdict after an extended deliberation period, during which they were deadlocked on the money laundering count. Prosecutors will reportedly seek to retry those charges.
In a statement following the verdict, Storm expressed relief that he was not remanded into custody, citing his 5-year-old daughter as a key reason for his decision to continue contesting the single count on which he was convicted.
Source: cryptoslate.com
