🚀 Attention crypto enthusiasts! Roman Storm, co-founder of Tornado Cash, a cryptocurrency mixer, filed a motion to dismiss three charges against him for allegedly operating a money laundering business and violating the International Emergency Economic Powers Act.
🔍 Storm's lawyers argue that Tornado Cash was developed and became immutable before the alleged criminal conduct occurred, so Storm could not prevent a sanctioned entity from using it.
📣 Furthermore, they maintain that Tornado Cash is not a money transmission business, since it did not charge fees for transmitting funds and users had full control over their crypto assets.
👩⚖️ The charges are related to Tornado Cash allegedly facilitating efforts by North Korea's Lazarus Group to circumvent US sanctions.
🤔 What do you think about this case? Comment below and let's talk crypto, blockchain, and financial privacy!