Overview

• A Manhattan jury convicted Storm on August 5 of operating an unlicensed money-transmitting business but deadlocked on money-laundering and sanctions charges
• The Ethereum Foundation will match up to $1 million in donations to strengthen Storm’s legal defense ahead of his appeal
• Storm remains free on bond while his legal team prepares to challenge his partial conviction in federal court
• Prosecutors accuse Tornado Cash co-founders of enabling more than $1 billion in illicit transactions, including funds tied to North Korea’s Lazarus Group
• Supporters warn that retrial of unresolved counts could expose Storm to decades behind bars and shape future liability for decentralized finance developers