NEW YORK (Reuters) -A U.S. jury deadlocked on Wednesday on money laundering and sanctions evasion charges against the founder of Tornado Cash, a firm that makes cryptocurrency transactions harder to track. The jury in Manhattan federal court could not reach a verdict on charges Roman Storm conspired to launder the proceeds of hacks, including by […]
U.S.
Jury deadlocks on money laundering charge against founder of crypto ‘mixer’ Tornado Cash
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NEW YORK (Reuters) -A U.S. jury deadlocked on Wednesday on money laundering and sanctions evasion charges against the founder of Tornado Cash, a firm that makes cryptocurrency transactions harder to track.
The jury in Manhattan federal court could not reach a verdict on charges Roman Storm conspired to launder the proceeds of hacks, including by a North Korean government-backed group. But the jury found him guilty of the less serious charge of conspiracy to operate an unlicensed money transmitting business.
(Reporting by Luc Cohen in New York; Editing by Chris Reese)