Tornado Cash Developer Convicted on One Charge Roman Storm, co‑founder of Tornado Cash, has been convicted by a New York federal jury for conspiracy to operate an unlicensed money‑transmitting business—a charge carrying up to five years in prison. A mistrial was declared on more serious counts of money laundering and violating U.S. sanctions, each of which could have resulted in sentences of up to 20 years. Prosecutors highlighted the mixer’s use by North Korean hackers to launder over $1 billion in illicit crypto. The verdict is raising concerns among software developers about legal exposure for creating privacy tools. He remains free on bail as he plans to appeal.