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- Alexey Pertsev, another developer associated with Tornado Cash, was apprehended by Dutch authorities a year prior.
- Brian Klein, the attorney representing Storm, confirmed his client’s release from custody via Twitter.
As stated by his lawyer, Roman Storm, co-founder of Tornado Cash, was released on bail shortly after his arrest by the U.S. Department of Justice (DOJ) on August 23, facing charges related to money laundering and others. On August 24, Brian Klein, Storm’s attorney, shared the news of his client’s release from jail on Twitter.
Klein expressed his “great disappointment” regarding the penalties imposed on the developer solely for his role in the software development. The U.S. Department of Justice (DOJ) announced Storm’s arrest along with charges against him and Roman Semenov, the other co-founder of Tornado Cash, on August 23; bail was approved the following day.
Money Laundering Charges
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Furthermore, U.S. authorities have accused the Tornado Cash creators of facilitating the laundering of over a billion dollars in “criminal proceeds.” Additional allegations include conspiracy to breach sanctions and conducting money transmission activities without the necessary license.
This recent development comes after the U.S. Treasury Department added Tornado Cash-related addresses to the OFAC list of Specially Designated Nationals approximately a year ago. Subsequently, Alexey Pertsev, another developer linked to Tornado Cash, was arrested by Dutch police. After spending more than nine months in custody, the programmer was ultimately released from prison in April 2023.
In early 2023, digital asset research firm Chainalysis reported that it had traced $2 billion in stolen cryptocurrency back to cybercrime groups in North Korea, indicating that these organizations predominantly utilize Tornado Cash to launder their illicit gains.
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