Good day. A jury in Manhattan reached a split verdict Wednesday in the trial of Roman Storm, a co-founder of cryptocurrency mixer Tornado Cash.
Storm was found guilty in a New York federal court of conspiracy to operate an unlicensed money transmitter, but dodged conviction on two other charges—conspiracy to commit money laundering, and conspiracy to violate U.S. sanctions—on which the jury was deadlocked.
The trial stems from an incident in 2023, when North Korean cybercriminals robbed an online game and proceeded to launder $500 million of the proceeds through the mixer, a service that obscures the origin of cryptocurrency by blending multiple transactions, making it harder to trace funds.
While Storm has evaded the two most serious charges, each of which carries a potential 20-year prison sentence, he could still face up to five years for the charge he was convicted of. Read our article.
Also today:
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Pandora discloses a data breach.
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Clashes over CISA.
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False Claims Act fines.
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