- Roman Storm denies costs of cash laundering and conspiracy to violate sanctions.
- Storm's lawyer informed the courtroom that constructing Twister Money was not the identical as cash laundering.
- Storm argued that he couldn’t management Twister Money or forestall its use by Lazarus and related teams.
Twister Money developer Roman Storm has denied costs of cash laundering and conspiracy to violate sanctions. Storm's attorneys filed a movement final Friday to dismiss the legal costs, arguing that constructing Twister Money just isn’t the identical as cash laundering.
Storm's authorized problem started final summer time, when authorities indicted him and fellow developer Roman Seminov. Expenses introduced towards the pair embody conspiracy to launder cash and conspiracy to function an unauthorized cash transmitter. Authorities additionally charged Twister Money builders with conspiracy to violate the Worldwide Emergency Financial Powers Act.
Storm was arrested on this cost, however authorities later launched him on bail. Concerning the main points of this case, the US Division of Justice claimed that Twister Money facilitated the laundering of greater than $1 billion by North Korea's Lazarus and different related teams.
In response to excerpts from the criticism filed by the attorneys, Storm is a developer whose solely settlement with members of a U.S.-based firm is to construct software program options that present monetary privateness to approved customers of cryptocurrencies. It was stated that it was one thing to do. They claimed that Twister Money builders dedicated no crime.
The filed criticism supplies additional particulars, stating that Twister Money is a “sequence of non-custodial sensible merchandise that permit customers to keep up full possession and management over their property with out counting on service suppliers or different intermediaries. It was described as “contract''. Following this rationalization, the attorneys argued that Twister Money just isn’t a mixer or service as claimed.
Storm's attorneys stated the developer couldn’t management Twister Money or forestall its use by Lazarus and related entities. They famous that the blockchain privateness answer didn’t match the definition of a “monetary establishment” as a result of customers retained management over their funds, and that the protocol “had no charges and was a free open supply software program device.” .
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