Cryptocurrency News

Tornado Cash co-founder pleads not guilty to all charges: Report

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Roman Storm, the co-founder of controversial cryptocurrency mixer Tornado Cash arrested in August, has reportedly pleaded not guilty to all charges related to money laundering and violations of United States sanctions.

According to an Sept. 6 X thread from Inner City Press, Storm pleaded not guilty before a judge in U.S. District Court for the Southern District of New York. He, along with his alleged co-conspirator Roman Semenov, have been charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money-transmitting business.

The charges were centered around Tornado Cash allegedly facilitating the efforts of the North Korean Lazarus Group bypassing U.S. sanctions, allowing the country’s regime to reportedly fund its nuclear program. Storm was released on a $2-million bond shortly after his arrest and is largely restricted from traveling outside certain regions of New York, New Jersey, Washington, and California.

This is a developing story, and further information will be added as it becomes available.