Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Tornado Cash developer Roman Storm seeks $500K ahead of trial
Share
  • bitcoinBitcoin(BTC)$117,949.53
  • ethereumEthereum(ETH)$3,622.12
  • rippleXRP(XRP)$3.40
  • tetherTether USDt(USDT)$1.00
  • binancecoinBNB(BNB)$741.14
  • solanaSolana(SOL)$177.72
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.251621
  • tronTRON(TRX)$0.318943
  • cardanoCardano(ADA)$0.83
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Blockchain > Tornado Cash developer Roman Storm seeks $500K ahead of trial
BlockchainCrypto

Tornado Cash developer Roman Storm seeks $500K ahead of trial

admin
Last updated: 14/07/2025 5:24 Chiều
admin
Published 14/07/2025
Share


Roman Storm, co-founder of privacy protocol Tornado Cash, is urgently appealing for $500,000 in donations to support his legal defense as his criminal trial begins today, July 14, in Manhattan.

In a message posted to X on July 12, Storm said his team is now facing a fundraising shortfall of $1.5 million as the trial is expected to last up to four weeks, beyond the original two-week estimate.

Storm described the moment as critical, calling on crypto supporters and privacy advocates to contribute toward expert witnesses, research, and mounting legal fees. “This is urgent,” he wrote, adding that his case has broad implications for software development and civil liberties. The fundraising site, freeromanstorm.com, was created to coordinate contributions.

Dear Crypto Community & Privacy Advocates,

This is an urgent call: My trial begins July 14, and we’re facing a critical shortfall. I need to raise $500K in the next few days and $1.5M within a couple of weeks to sustain our fight – covering escalating legal fees, expert… https://t.co/AImotqvJVD

— Roman Storm 🇺🇸 🌪️ (@rstormsf) July 12, 2025

Storm faces charges from the U.S. Department of Justice for conspiracy to commit money laundering, conspiracy to violate sanctions under the International Emergency Economic Powers Act, and conspiracy to operate an unlicensed money-transmitting business.

The indictment alleges Tornado Cash (TORN) laundered more than $1 billion, including funds from North Korea’s Lazarus Group, and that Storm knowingly allowed illicit use of the platform without implementing controls.

Storm has pleaded not guilty. His defense argues that Tornado Cash is a decentralized, non-custodial protocol and that its smart contracts, once deployed, operate autonomously. Prosecuting Storm for writing code, according to his legal team, violates his First Amendment rights. 

The case has turned into a focal point for the cryptocurrency community. Advocacy organizations like the Blockchain Association and Coin Center have filed amicus briefs, and figures like Vitalik Buterin have contributed to Storm’s defense. The trial’s verdict might establish a standard for how open-source developers and privacy-preserving crypto tools are handled by the US legal system. 

Storm’s future now rests with a jury tasked with weighing code, intent, and control in one of crypto’s most closely watched cases.



You Might Also Like

Hong Kong’s new stablecoin regulations will come into effect in August 2025

Galaxy Digital eyes tokenizing its own shares in SEC talks

AAVE climbs 95% since April lows, tight supply sparks rally

SOL spot ETF with staking could go live this week, expert says

White House crypto czar David Sacks says stablecoin clarity could trigger trillions for US debt

TAGGED:500KaheadCashdeveloperRomanseeksstormTornadotrial

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Metaplanet strengthens Bitcoin portfolio with $94 million amid market pump
Next Article Czech central bank makes first crypto investment with $20m Coinbase shares buy
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
NFT sales jump 29% to $159.6m, Pudgy Penguins surges 247%
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?