Tornado Cash developer Roman Storm released on bail, lawyer says


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Roman Storm, the co-founder of the cryptocurrency mixing service Twister Money who was arrested on money-laundering and different costs on Aug. 23,  was launched on bail quickly after he was detained by the USA’ Division of Justice (DOJ), his lawyer mentioned.

Storm’s lawyer Brian Klein took to X (previously Twitter) on Aug. 24 to announce that Storm has been launched on bail.

Klein famous that he nonetheless stays “very disenchanted” about the truth that the prosecutors charged the developer simply because he helped to develop software program. He added:

“Their novel authorized concept has harmful implications for all software program builders.”

The bail got here the following day after the U.S. DOJ introduced the arrest of Storm alongside the charges against Tornado Cash founders, Storm and Roman Semenov, on Aug. 23.

The U.S. authority particularly charged the builders with working the Twister Money companies and allegedly laundering greater than $1 billion in “legal proceeds.” Extra costs are associated to “conspiracy to commit sanctions violations,” in addition to “conspiracy to function an unlicensed cash transmitting enterprise.”

Storm’s lawyer Klein didn’t instantly reply to Cointelegraph’s request for remark.

Associated: Tornado Cash lawsuit judge sides with US Treasury in motions for summary judgment

The newest information comes roughly a yr after the U.S. Treasury Division added Tornado Cash-related addresses to the list of Specifically Designated Nationals of the Workplace of Overseas Asset Management. Subsequently, authorities within the Netherlands arrested one other Twister Money developer, Alexey Pertsev. The developer was released from jail in April 2023, after spending practically 9 months in jail.

Pertsev and Storm will not be the one prosecuted builders associated to Twister Money, although. One other co-founder, Roman Semenov, was added within the OFAC’s listing of Specifically Designated Nationals and Blocked Individuals on Aug. 23 as nicely. The developer stays at massive.

Journal: Big Questions: Did the NSA create Bitcoin?