Tornado Cash founder Roman Storm is running out of money for legal fees
Tornado Cash founder Roman Storm is making desperate pleas for donations to fund his legal defense, as he faces the imminent possibility of years in prison. The founder of the crypto coin-mixing service for anonymous payments is asking for another $2 million after already seemingly expending millions over the past two years. In August 2023, the US government alleged that Storm and his co-founder made millions of dollars through Tornado Cash. According to Storm, seizures and subsequent legal expenses have depleted those resources. In August 2022, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash over its assistance with North Korean payments with suspected links to money laundering. However, as of November 2024, the powerful US Fifth Circuit Court of Appeals ruled that OFAC exceeded its authority and removed Tornado Cash and over 100 of its crypto wallets from US sanctions. Nevertheless, the criminal trial against Storm continues. S...