Tornado Cash Co-founder Roman Storm Seeks Urgent $500K for Legal Defense
Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, urgently seeks $500,000 to cover legal expenses ahead of his trial on money laundering and sanctions charges. The trial begins Monday, with Storm facing a critical funding shortfall for his defense.
Legal Battle Escalates as Community Rallies Support
Storm’s legal team estimates total costs could reach $3.5 million due to the trial’s complexity and extended duration. The crypto community has mobilized support, with the Ethereum Foundation committing $500,000 and matching additional donations up to $750,000. The MetaCartel DAO contributed its remaining treasury funds to assist.
Serious Charges Carry Heavy Consequences
Arrested in August 2023, Storm faces multiple charges including money laundering and conspiracy to violate U.S. sanctions. A conviction could result in up to 45 years imprisonment. The case has ignited debate about prosecuting open-source developers, prompting the DeFi Education Fund to challenge what it calls unjust prosecution.
Key Case Details
- Current funds raised: $1.96 million (57% of $3.5 million goal)
- Donations accepted in Ether (ETH), with amounts fluctuating with market values
- Judge Katherine Failla barred mention of lifted U.S. Treasury sanctions against Tornado Cash
Broader Implications for Crypto Development
This high-profile case highlights the legal risks facing privacy-focused crypto projects. The verdict may significantly impact open-source development and regulatory approaches in the cryptocurrency sector.
