Facing 45 Years, Roman Storm Chooses Silence in Federal Money-Laundering Trial
Roman Storm will not testify in his own defense during his landmark money laundering trial, lawyers for the Tornado Cash developer say.Roman Storm Declines to Testify in Federal CourtAccording to a July 29 report from In...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Roman Storm will not testify in his own defense during his landmark money laundering trial, lawyers for the Tornado Cash developer say.
Roman Storm Declines to Testify in Federal CourtAccording to a July 29 report from Inner City Press, Storm and his lawyer told U.S. District Court Judge Katherine Polk Failla that the crypto-mixer co-founder would not take the stand in Manhattan federal court this week.
They've back
Storm's lawyer Klein: My client is not going to testify.
Judge Failla: Mr. Storm, you know you can testify – you have chosen not to testify?
Storm: Yes, Your Honor
Judge: Thanks for letting me know
“Mr. Storm, you know you can testify,” the media outlet quotes Failla as saying. “You have chosen not to testify?”
“Yes, your honor,” Storm replied.
Defense Fund Nears $5 Million Contribution GoalNews of Storm’s decision not to testify comes just days after he took to X to beg his supporters for more contributions to his legal defense fund.
“Our lawyers and experts are working around the clock—we’ve forgotten what normal sleep feels like,” Storm wrote in the July 26 post. “Every hour counts, and so do the costs.”
Final push next week.
Our lawyers and experts are working around the clock — we’ve forgotten what normal sleep feels like. Every hour counts, and so do the costs.
If you believe in fairness, open-source, and freedom, please help us finish strong.
…
According to the Free Roman Storm website, contributions to Storm’s defense have exceeded $4.5 million, nearly reaching his $5 million goal.
“If you believe in fairness, open-source, and freedom, please help us finish strong,” he added.
Storm has faced an intense legal few weeks since his watershed open-source trial kicked off in New York City earlier this month.
Storm and fellow Tornado Cash co-founder Roman Semenov were indicted in August 2023 on charges of conspiracy to commit money laundering, money laundering, and sanctions violations.
Federal prosecutors allege Storm laundered and concealed more than $1 billion through Tornado Cash—including hundreds of millions for the Lazarus Group, North Korea’s state-sponsored malware collective.
“Roman Storm and Roman Semenov allegedly operated Tornado Cash and knowingly facilitated this money laundering,” then-U.S. Attorney Damian Williams said in an August 2023 press release.
If convicted, Storm faces up to 45 years in federal prison.
The post Facing 45 Years, Roman Storm Chooses Silence in Federal Money-Laundering Trial appeared first on Cryptonews.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
New Jersey Drops Coinbase Staking Order After Three Years
Bitcoin Magazine New Jersey Drops Coinbase Staking Order After Three Years New Jersey’s securities regulator has withdrawn the 202...
Binance Hacker Sends $798K in SOL to Privacy Cash, Laundering Spreads Across 11 Chains
Key Takeaways: The Binance hacker wallet deposited 8,567 SOL, or approximately $798,000, to Privacy Cash. Elliptic mapped the laun...
A THORChain Bug Has Slowed North Korean Hackers Laundering Stolen Binance Funds
The emergency stop on THORChain that, per Chainalysis, held up North Korean hackers trying to move money stolen from Binance was s...
Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves
Bitcoin Magazine Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves Block has agreed in...
Block DOJ Settlement: Jack Dorsey’s Company Faces $764M Deal as Bitcoin Profit Plunges 50%
Block DOJ settlement talks have reached a major turning point, with Jack Dorsey-owned payments company agreeing in principle to pa...
SEC Updates Crypto-Asset FAQs as Firms Seek Clarity on Federal Securities Rules
TL;DR: The SEC Division of Corporation Finance added questions 1.4, 1.5 and 1.6 to its crypto-assets FAQ on November 2, 2026. SEC...