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Roman Storm Convicted on Money Transmitting Charge; Jury Hung on Laundering and Sanctions

He remains at liberty with no sentencing date set, leaving prosecutors to decide whether to retry the deadlocked counts.

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Tornado Cash dev Roman Storm guilty of running unlicensed money biz
Why Tornado Cash’s Roman Storm verdict marks ‘a sad day for DeFi’
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Overview

  • A Manhattan jury found Storm guilty of conspiracy to operate an unlicensed money transmitting business, a federal offense carrying up to five years in prison.
  • Jurors deadlocked on a conspiracy to commit money laundering charge and acquitted him of conspiracy to violate international sanctions, leaving only the laundering count unresolved.
  • Judge Katherine Polk Failla denied prosecutors’ request to remand Storm to custody, concluding he is not a flight risk under his current bond conditions.
  • No sentencing date has been scheduled, and prosecutors have not announced whether they will retry the unresolved money laundering charge.
  • The mixed verdict underscores the Justice Department’s intensified enforcement against crypto mixers and renewed debate over developer liability for open-source privacy tools.