{"id":138088,"date":"2024-09-28T08:30:54","date_gmt":"2024-09-28T05:30:54","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138088"},"modified":"2024-09-28T01:08:19","modified_gmt":"2024-09-27T22:08:19","slug":"tornado-cash-co-founder-to-stand-trial-as-judge-rejects-dismissal-plea","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tornado-cash-co-founder-to-stand-trial-as-judge-rejects-dismissal-plea\/","title":{"rendered":"Tornado Cash Co-Founder to Stand Trial as Judge Rejects Dismissal Plea"},"content":{"rendered":"

Judge Katherine Polk Failla stated that Storm\u2019s argument\u2014that he was merely prosecuted for writing code\u2014was an oversimplification.<\/p>\n

Storm and fellow co-founder Roman Semenov were charged in August 2023 with conspiracy to commit money laundering, sanctions violations, and operating an unlicensed money transmitting business. According to the indictment, they knowingly aided criminals in concealing illicit funds under the guise of offering a privacy service.<\/p>\n

In his March 2024 motion, Storm argued that Tornado Cash was not a financial institution, as it did not handle financial transactions or charge fees. However, prosecutors disagreed, labeling Tornado Cash as a money transmitting business.<\/p>\n