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Market News

Tornado Cash Founder Roman Storm Gets Bail Post DOJ Arrest

Attorney for Roman Storm further highlighted that this distinct legal stance might have implications for all further "software developers."

Written By Pawan Surya
Published 2023-08-25
Make The Crypto Times preferred on GoogleGoogle
Tornado Cash Founder Roman Storm Gets Bail Post DOJ Arrest

The recently arrested co-founder of Tornado CashRoman Storm, has been released from detention and is now enjoying freedom on bail shortly after being apprehended by the Department of Justice (DOJ).

Pleased to share that my client Roman Storm is already out on bail, although I remain very disappointed that the prosecutors charged him because he helped develop software – their novel legal theory has dangerous implications for all software developers.https://t.co/elmU8VqpYq

— Brian Klein (@brianeklein) August 24, 2023

Brain Klein, attorney for Roman Storm, officially announced the bail approval on August 24 via his X (Twitter). This development comes a day after the Department of Justice (DOJ) in the United States detained Roman Storm on August 23 on charges including money laundering. 

In response to the accusations, Klein expressed his ongoing “disappointment” regarding the prosecutor’s decision to charge the developer based on his involvement in software development.

Furthermore, Klein went on to stress that this unique legal perspective could potentially pose for all “software developers” moving forward.

The news swept through the crypto market like a wave when the U.S. DOJ revealed the arrest of Storm and Roman Semenov, the founders of Tornado Cash, on August 23. 

Among the numerous allegations, the founders were specifically accused of operating Tornado Cash services and laundering more than $1 billion in “criminal proceeds.”

Also Read: FBI Arrests Tornado Cash CEO & Sanctions Missing Co-Founder

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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