Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Kraken-backed The Ether Machine buys 15,000 ETH on Ethereum’s 10-year anniversary

01/08/2025

DeBox Partners with Dora to Bolster Women’s Participation in Web3

01/08/2025

Bitcoin’s Rally Means Germany Made The Worst Economic Mistake of The Decade

01/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin’s Rally Means Germany Made The Worst Economic Mistake of The Decade

    01/08/2025

    Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s Peak

    01/08/2025

    Bitcoin Price On the Verge of $125,000 Breakout, But There’s A Catch

    01/08/2025

    Ripple CTO David Schwartz sees Bitcoin as the bedrock of the digital asset ecosystem

    01/08/2025

    Kraken-backed The Ether Machine buys 15,000 ETH on Ethereum’s 10-year anniversary

    01/08/2025

    Ethereum Price Regains Strength – Can Momentum Carry It Toward $4K?

    01/08/2025

    What’s Behind the $183M Shift?

    01/08/2025

    $3.8 Billion in Ethereum Stacked by BlackRock in Mere Weeks: Details

    01/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Labubus have succeeded in every way that NFTs have failed

    01/08/2025

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    31/07/2025

    NFT sales surge to $574 million in July, second-highest in 2025

    31/07/2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    31/07/2025

    Kraken-backed The Ether Machine buys 15,000 ETH on Ethereum’s 10-year anniversary

    01/08/2025

    DeBox Partners with Dora to Bolster Women’s Participation in Web3

    01/08/2025

    Bitcoin’s Rally Means Germany Made The Worst Economic Mistake of The Decade

    01/08/2025

    Harbour Industrial Capital Invests $1.2 M into Four High-Growth Polkadot Ecosystem Projects

    01/08/2025
  • Blockchain

    DeBox Partners with Dora to Bolster Women’s Participation in Web3

    01/08/2025

    Terminus Network Joins Forces with Creditlink to Expand On-Chain Credit for DeFi Trading

    01/08/2025

    Bless and Monad (L1 Blockchain) Integrate to Deliver Community‑Powered Compute

    01/08/2025

    TaskOn and Sproutly Unite to Advance Green Web3 Initiatives

    01/08/2025

    HAiO and Intoverse Unite for a New Era of Web3 Engagement 

    01/08/2025
  • DeFi

    Harbour Industrial Capital Invests $1.2 M into Four High-Growth Polkadot Ecosystem Projects

    01/08/2025

    Ripple Hiring Executive to Spearhead Institutional DeFi Strategy

    01/08/2025

    Clearpool Expands to Payments Financing, Debuts Stablecoin Yield Token

    01/08/2025

    Phenomenal $8 Billion Surge Redefines DeFi Stability

    01/08/2025

    Ceffu Connects Binance Liquidity to Orderly to Unlock CeFi-DeFi Union

    01/08/2025
  • Metaverse

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025
  • Regulation

    Dow rallies as markets cheer US-Japan trade agreement

    01/08/2025

    One in four Russian parents would spend Putin birth benefit on BTC

    01/08/2025

    105 Top Economists Reveal Their Predictions for When the Fed Will Cut Interest Rates! Here Are the Alarming Results….

    01/08/2025

    A California Firm’s Stock Soars 150% After Announcing XRP Treasury Plan

    01/08/2025

    Traders are targeting heavily shorted stocks, echoing the 2021 GameStop strategy

    01/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Sui DEX Momentum Teases Expansion Plans After Hitting $100 Million in Daily Volume

    31/07/2025

    $500,000,000 USDC Stun World’s Largest Crypto Exchange Amid Hourly Bloodbath

    31/07/2025

    Bithumb Temporarily Halts Celestia (TIA) Transactions!

    31/07/2025

    Coinbase in advanced talks to acquire India’s largest crypto exchange CoinDCX

    31/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    30/07/2025

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    28/07/2025

    Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

    31/07/2025

    London Bitcoin Company Surpasses 1,000 Miners in North America

    31/07/2025

    Bitcoin Miner MARA Is Missing Out on AI Boom: Compass Point

    31/07/2025

    Top 10 Miners Dominate 94% of Hashrate and Hoard Over 55,000 BTC

    31/07/2025

    COINS Act 2025 Offers a ‘Rights-First’ Roadmap

    31/07/2025

    GENIUS Act to spark wave of ‘killer apps’ and new payment services: Sygnum

    31/07/2025

    Bitcoin Scandal Erupts in China – Chinese State Newspaper Reports

    31/07/2025

    No Ruling Yet as Standard Approval Process Slows Progress

    31/07/2025

    Kraken-backed The Ether Machine buys 15,000 ETH on Ethereum’s 10-year anniversary

    01/08/2025

    DeBox Partners with Dora to Bolster Women’s Participation in Web3

    01/08/2025

    Bitcoin’s Rally Means Germany Made The Worst Economic Mistake of The Decade

    01/08/2025

    Harbour Industrial Capital Invests $1.2 M into Four High-Growth Polkadot Ecosystem Projects

    01/08/2025
  • MarketCap
NBTC News
Home»Legal»Roman Storm asks for $1.5M lifeline as Tornado Cash trial drags on
Legal

Roman Storm asks for $1.5M lifeline as Tornado Cash trial drags on

NBTCBy NBTC31/07/2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Roman Storm, one of the creators behind the Tornado Cash protocol, is seeking another $1.5 million to cover mounting legal costs as his landmark crypto trial enters its third week.

In an “urgent call for support,” Storm asked for another $1.5 million in a July 26 X post, explaining that legal costs have been “piling up fast.”

“It sounds crazy, but I need again ~$1.5mm,” Storm wrote, while noting in a separate X post that his legal team has been “working around the clock.”

“We’ve forgotten what normal sleep feels like. Every hour counts, and so do the costs,” he said. The crypto community has already donated over $3.9 million to fund Storm’s legal fees for the trial, which commenced on July 14 in Manhattan, New York.

Source: Roman Storm

Storm’s trial could establish a precedent for criminalizing open-source privacy tools, posing a serious risk to decentralized finance innovation while significantly restricting privacy rights.

However, crypto privacy tools like Tornado Cash have drawn negative attention due to their use by illicit actors — including the North Korean state-backed Lazarus Group — which led the US Treasury Office of Foreign Assets Control (OFAC) to sanction the protocol in August 2022.

Those sanctions were overturned in January after Tornado Cash users filed a civil action against OFAC.

The crypto mixing protocol was officially removed from OFAC’s blacklist in March.

Storm’s legal team has already raised millions

According to Roman Storm’s website, more than $3.2 million has been raised to support Storm’s Legal Defense Fund — 65% of a new $5 million goal.

The Ethereum Foundation also reached its $750,000 goal to assist Storm’s legal defense.

Total donations made by the Ethereum Foundation and Storm’s Legal Defense Fund Support. Source: Freeromanstorm.com

Arguments are being laid out in court

According to Storm’s website, the trial in the Southern District of New York is expected to conclude within two weeks, around Aug. 11.

US prosecutors argue that Storm conspired to launder money, violated US sanctions, and operated an unlicensed money-transmitting business in connection with his role in creating Tornado Cash.

Storm’s legal team argues that Tornado Cash was never a business but a decentralized and immutable protocol used beyond its control.

They’re relying on a 2019 Financial Crimes Enforcement Network guidance that said developers of anonymizing software were not required to register as money transmitters.

They’re also arguing that the right to write and publish code is protected as free speech under the First Amendment in the US.

Tornado Cash’s two other co-creators have also been impacted

Storm built Tornado Cash alongside Alexey Pertsev and Roman Semenov in 2019 after being inspired by Ethereum co-creator Vitalik Buterin to explore crypto privacy tools earlier that year.

Pertsev was found guilty of money laundering in May 2024 in the Netherlands and is currently appealing the verdict. He was released from Dutch custody under strict conditions, including electronic monitoring,

Semenov remains at large and is on the US Federal Bureau of Investigation’s wanted list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

COINS Act 2025 Offers a ‘Rights-First’ Roadmap

31/07/2025

GENIUS Act to spark wave of ‘killer apps’ and new payment services: Sygnum

31/07/2025

Bitcoin Scandal Erupts in China – Chinese State Newspaper Reports

31/07/2025

No Ruling Yet as Standard Approval Process Slows Progress

31/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Kraken-backed The Ether Machine buys 15,000 ETH on Ethereum’s 10-year anniversary

01/08/2025

DeBox Partners with Dora to Bolster Women’s Participation in Web3

01/08/2025

Bitcoin’s Rally Means Germany Made The Worst Economic Mistake of The Decade

01/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.