Partager cet article

Tornado Cash Developers Storm, Pertsev Raise Over $350K for Legal Defense With Support From Snowden

Tornado Cash developers Alexey Pertsev, Roman Storm and Roman Semenov face allegations of money laundering.

Mise à jour 8 mars 2024, 8:23 p.m. Publié 24 janv. 2024, 6:40 a.m. Traduit par IA
jwp-player-placeholder

A legal fund for the defense of Tornado Cash developers Roman Storm and Alexey Pertsev has received more than $350K and public support from Edward Snowden, the former NSA whistleblower.

Tornado Cash's Roman Storm and Roman Semenov face allegations of money laundering and sanctions violations in the U.S.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

Storm, a dual U.S. and Russian citizen, was arrested by the Department of Justice (DOJ)and placed under house arrest in Washington State, with a trial expected in 2024 after he was charged with money laundering and sanctions violations in August 2023. He has pleaded not guilty to the charges. Roman Semenov, another developer and co-founder, was also charged but has not been arrested.

The DOJ alleges that more than $1 billion in crypto was moved through the mixing service, which tries to mask the wallet addresses and provide anonymity for the sender and the receiver. Pertsev has been in jail since 2023 in The Netherlands.

Advertisement

“2024 is the year that will define the rest of my life,” said Storm on X. “Honestly, I’m scared. But also hopeful that this community cares with a passion. Please donate towards my legal defense.”

Snowden retweeted that message asking people to help while adding that “Privacy is not a crime.”

More For You

Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters

Goldman sees only two Fed rate cuts in 2025, BOfA sees extended Fed pause. (JamesQube/Pixabay)

Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.

What to know:

  • Fintech and crypto firms are increasingly applying for bank charters, anticipating a more favorable regulatory landscape.
  • Becoming a bank allows firms to accept deposits and lower borrowing costs but brings stricter oversight.
  • Regulatory bodies have historically approved few new bank charters, though recent signals suggest a more streamlined process.