Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Tornado Cash Co-Founder Roman Storm Denies Wrongdoing Ahead of Criminal Trial

Tornado Cash Co-Founder Roman Storm Denies Wrongdoing Ahead of Criminal Trial

2025/07/05 04:20
By:

With his criminal trial fast approaching, Roman Storm, co-founder of the crypto mixing service Tornado Cash, has come forward to deny any wrongdoing, insisting that he is being prosecuted simply for writing open-source code.

Speaking in a recent interview with Crypto in America, Storm argued that the U.S. government’s case against him is fundamentally flawed. He said the U.S. government is prosecuting him for writing open-source code, not for any actual criminal conduct.

“When Tornado Cash became fully decentralized and trustless, there wasn’t much activity going on at that time. We thought it was just going to be another project that would sit in our junkyard. We have so many projects like that as software engineers. We did not anticipate that.… pic.twitter.com/7fiurmkojn

— Roman Storm 🇺🇸 🌪️ (@rstormsf) July 4, 2025

Storm is facing three felony charges, including conspiracy to commit money laundering and conspiracy to violate U.S. sanctions laws. Prosecutors allege that Tornado Cash was used to launder over $1 billion in illicit funds, some tied to North Korea’s state-sponsored hacker group Lazarus. However, Storm maintains he never knowingly facilitated criminal activity.

Storm was arrested in August 2023. His fellow developer, Alexey Pertsev, was convicted of money laundering in the Netherlands last year and sentenced to 64 months in prison. Tornado Cash’s third co-founder, Roman Semenov, is also facing U.S. charges but remains at large.

Since his arrest, Storm has been under strict bail conditions, barred from accessing bank accounts or crypto wallets.

“I’m being punished before even proven guilty,”

he said.

Looking ahead to his July 14 trial at the U.S. District Court for the Southern District of New York, Storm warned of the wider implications his case holds for the crypto industry. “If I lose this case, DeFi dies with me,” he said, arguing that treating developers as criminals for writing open-source code sets a dangerous precedent that could stifle innovation in decentralized finance.

While Storm has kept details of his legal strategy private, he hinted that his defence team will argue that writing code is protected under free speech and creating tools that bad actors can misuse is not a crime.

Meanwhile, the Ethereum Foundation (EF) contributed $1.25 million to assist Tornado Cash developer Alexey Pertsev in his legal battle as he prepares to appeal his money laundering conviction in the Netherlands.

 

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Micron now earns more than Apple! Apple urgently needs chips, Micron holds pricing power.

Micron Technology reported a net profit of $37.7 billion in the fourth fiscal quarter, surpassing Apple's $29.8 billion for the same period, thus becoming the more profitable company for the quarter. The memory shortage has given Micron strong pricing power, with its CEO stating that they “cannot meet customer demand.” The revenue guidance for next quarter is as high as $61.5 billion. Meanwhile, Apple's gross margin continues to be pressured by persistent memory costs, having dropped from 49.3% to a guidance range of 46.5%.

华尔街见闻•2026/10/11 10:06

The "Eye of the Storm" in the Global Economy: Debt Crisis in Developed Countries

The IMF warns that developed economies are becoming the "eye of the storm" for global debt risks. Countries such as the United States and France accumulated high levels of debt during periods of low interest rates, but now rising interest rates are pushing up repayment costs, and fiscal consolidation faces political resistance. BofA Securities points out that the United States is facing declining tax revenues, France has structural income decline issues, and the UK and Japan are also under pressure. The deteriorating debt sustainability of developed countries may impact global financial markets through shocks in interest rates and capital flows.

华尔街见闻•2026/10/11 09:21