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

Solana Launches Payment Channels, Enabling 1M Transactions

07/09/2026

Can $400M Morgan Stanley inflows help BTC reclaim $65K?

07/09/2026

Polkadot ETF realized $4.52 of loss per $1 in staking rewards

07/09/2026
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

    Can $400M Morgan Stanley inflows help BTC reclaim $65K?

    07/09/2026

    A Quantum Computer Could One Day Break Crypto Security — Coinbase Is Preparing Now

    07/09/2026

    Top 10 Publicly Traded Firms by BTC Holdings Reveal a Million-Bitcoin Power Bloc

    07/09/2026

    “Capital Flowing into Artificial Intelligence Will Shift to Bitcoin”

    07/09/2026

    Ethereum holders return to profit – Can ETH hold $2500?

    06/09/2026

    Machine learning algorithm sets Ethereum price on September 30, 2026

    06/09/2026

    Ethereum price retests $2,550 as RSI nears 67

    06/09/2026

    Can ETH Clear $2,560 After Thursday’s 5% Rally?

    06/09/2026

    Polkadot ETF realized $4.52 of loss per $1 in staking rewards

    07/09/2026

    Top Cardano DRep Issues Crucial Midnight Airdrop Reminder to ADA Holders

    07/09/2026

    82% of STABLE Supply to Unlock From December 2027

    07/09/2026

    XDC Network transactions surge to 27.7 million, topping 1 billion lifetime

    07/09/2026

    NFT sales surge 55.6% as BNB Chain overtakes Ethereum for first time

    06/09/2026

    OpenSea Users Demand ETH/USD Switcher Amid Frustration

    05/09/2026

    Kento’s Digital Art Cards Hit 2,000% of Kickstarter Goal in 24 Hours

    04/09/2026

    Cardano Founder Criticizes TapTools Relaunch

    03/09/2026

    Solana Launches Payment Channels, Enabling 1M Transactions

    07/09/2026

    Can $400M Morgan Stanley inflows help BTC reclaim $65K?

    07/09/2026

    Polkadot ETF realized $4.52 of loss per $1 in staking rewards

    07/09/2026

    Tools You Need For Memecoins Trading

    07/09/2026
  • Blockchain

    Solana Launches Payment Channels, Enabling 1M Transactions

    07/09/2026

    Ebitts Platform Launches in Italy, Powered by Algorand’s

    07/09/2026

    SWIFT Services Provider Taps Chainlink to Bring 600 Banks Onchain

    07/09/2026

    Robinhood Chain Gas Fees Jump 82-Fold In 11 Days To Top Every Other Chain

    07/09/2026

    Broadridge Adds G7 Securities to Tokenized Repo Network

    07/09/2026
  • DeFi

    Tokenized Stocks on Solana Reach $79.1M in DeFi Deposits

    07/09/2026

    Robinhood’s Tokenized Stocks Lead DeFi Deposits

    07/09/2026

    Tokenized Stocks on Uniswap V4 Reach $59.1M, Outpacing

    07/09/2026

    Aave lending proposal would grant emergency powers without requiring public reports on their use

    07/09/2026

    DeFi Lending Faces Record 32 Price-Manipulation Exploits

    07/09/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    Global Tokenized Stocks Surge 273% as South Korea’s STO Legislation Stalls

    06/09/2026

    AI Agents Could Transform How Money Moves Across the Internet

    05/09/2026

    Ether Products Lead $600M Crypto ETP Flow Rebound in July

    05/09/2026

    Younger Investors Are Looking Beyond Stocks and Bonds, Grayscale Says

    05/09/2026

    Bakkt promised a $44 trillion payment revolution, but its key acquisition made just €5,315

    05/09/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Tools You Need For Memecoins Trading

    07/09/2026

    Cantor opens Kalshi prediction markets to thousands of institutional clients

    06/09/2026

    HSBC, Standard Chartered execute first live banking transaction on Swift’s 24/7 ledger

    06/09/2026

    Coinbase Adds 50x Crypto Perps to Base App Through Hyperliquid

    06/09/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

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

    22/01/2025

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    Bitcoin Miners Unplug 23% as AI Revenue Surges 52%

    07/09/2026

    Difficulty Rises, Hashprice Rips 22% as Bitcoin Hashrate Stalls

    06/09/2026

    India’s Solar Surplus Hits a New Problem: Could Bitcoin Mining Help?

    06/09/2026

    Wall Street is turning AI’s massive electricity appetite into a $61 billion bond market

    06/09/2026

    Crypto political group details list of U.S. congressional allies its backing this year

    05/09/2026

    Crypto advocacy groups oppose Illinois digital asset tax in court

    05/09/2026

    Block Bits Founder Guilty After $960K Crypto Bot Pitch Implodes

    05/09/2026

    CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets

    05/09/2026

    Solana Launches Payment Channels, Enabling 1M Transactions

    07/09/2026

    Can $400M Morgan Stanley inflows help BTC reclaim $65K?

    07/09/2026

    Polkadot ETF realized $4.52 of loss per $1 in staking rewards

    07/09/2026

    Tools You Need For Memecoins Trading

    07/09/2026
  • 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

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Crypto political group details list of U.S. congressional allies its backing this year

05/09/2026

Crypto advocacy groups oppose Illinois digital asset tax in court

05/09/2026

Block Bits Founder Guilty After $960K Crypto Bot Pitch Implodes

05/09/2026

CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets

05/09/2026
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

Solana Launches Payment Channels, Enabling 1M Transactions

07/09/2026

Can $400M Morgan Stanley inflows help BTC reclaim $65K?

07/09/2026

Polkadot ETF realized $4.52 of loss per $1 in staking rewards

07/09/2026
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.