this post was submitted on 10 Aug 2025
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CryptoCurrency

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A Manhattan jury convicted Tornado Cash co-founder Roman Storm on Wednesday of conspiring to operate an unlicensed money-transfer business, though jurors deadlocked on charges of money laundering conspiracy and sanctions violations after three days of deliberation.

Federal prosecutors alleged Storm helped cybercriminals launder more than $1 billion through the cryptocurrency mixing platform, which launched in 2019 as a decentralized protocol designed to obscure transaction origins by pooling and redistributing funds through smart contracts.

Abstract credit: https://slashdot.org/story/445258

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[–] Picasso@thelemmy.club 1 points 5 months ago

https://www.therage.co/ best report on the tornado cash case. no paywalls, reader funded