Tornado Cash co-founder Roman Storm pleads not guilty to charges of money laundering and other offenses

ChainCatcher news, Tornado Cash co-founder Roman Storm pleaded not guilty in court to charges of conspiracy to operate an unlicensed money transmitting business, aiding and abetting money laundering, and evading sanctions. Judge Katherine Polk Failla stated in the U.S. District Court for the Southern District of New York that Storm would be released on a $2 million bail. He will continue to reside at his home in Washington and undergo regular drug testing. He is prohibited from possessing firearms and from contacting any co-defendants, witnesses, or victims.

It is reported that Storm was arrested two weeks ago on charges of conspiracy to aid money laundering, operating an unlicensed money transmitting business, and violating sanctions. Prosecutors allege that he, along with other Tornado Cash developers such as Roman Semenov and Alexey Pertsev, helped criminals launder over $1 billion, including "hundreds of millions" for North Korea.

Pertsev was arrested by Dutch authorities last year and is currently awaiting trial. Semenov has not yet been arrested.