Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges

According to PANews, Roman Storm, the co-founder of Tornado Cash, has filed a motion seeking to dismiss all three charges against him, including operating a money laundering business and violating the International Emergency Economic Powers Act. Storm's lawyer argues that these charges have 'fatal flaws' and must be dismissed. Tornado Cash was developed and made publicly available before being used by a hacker group sanctioned by the U.S. Treasury Department. As a result, Storm could not prevent sanctioned entities from using Tornado Cash. Furthermore, Tornado Cash is not a money transfer business, as it does not charge transfer fees, and users retain sole control over their cryptocurrencies. Storm pleaded not guilty to all charges in September last year and was released on a $2 million bail shortly after his arrest.