Roman Storm Convicted of Unlicensed Crypto Money Transmittal in Landmark Case
Roman Storm, co-founder of the decentralized cryptocurrency mixing service Tornado Cash, was convicted by a Manhattan jury on August 2, 2025, of conspiracy to operate an unlicensed money transmittal business. The verdict came after a three-week trial in the U.S. District Court for the Southern District of New York (SDNY), presided over by Judge Katherine Polk Failla. Storm now faces a maximum prison sentence of up to five years [2]. The conviction marks a significant legal development for the crypto industry, particularly for projects involving decentralized privacy tools.
The jury reached a unanimous decision on the charge of conspiracy to operate an unlicensed money transmittal business, but deadlocked on two other counts: conspiracy…
