Retrial of Tornado Cash developer Roman Storm postponed to April 2027

cryptonews.ruОпубліковано о 2026-08-26Востаннє оновлено о 2026-08-26

Анотація

The retrial of Tornado Cash co-founder and developer Roman Storm has been postponed from October 26, 2026, to April 26, 2027. This follows a motion by Storm's lawyers to delay the trial pending a decision on his motion for acquittal. A U.S. District Judge granted the postponement, noting Storm's legal team stated they would need at least 90 days to prepare if the acquittal motion is denied. Prosecutors had opposed the delay. The U.S. government requested the retrial in March after a Manhattan jury failed to reach unanimous verdicts on two charges: conspiracy to commit money laundering and conspiracy to violate U.S. sanctions. However, the same jury had found Storm guilty in August 2025 on a separate charge of conspiracy to operate an unlicensed money-transmitting business, which carries a potential sentence of up to five years in prison. Storm has filed for acquittal on all three charges, arguing prosecutors failed to prove he intended to help criminals misuse the Tornado Cash privacy protocol. He expressed uncertainty about the timeline for a ruling on his acquittal motion.

The retrial of Tornado Cash co-founder and developer Roman Storm has been postponed from October 26, 2026 to April 26, 2027. A federal judge is considering his motion for acquittal.

U.S. District Judge Katherine Polk Failla stated in a court filing on Tuesday that the retrial was delayed "in light of" Storm's motion and a related request to adjourn the hearing.

Storm's lawyers requested the adjournment on August 3. They stated that after the court rules on the acquittal motion, they would need at least 90 days to prepare for the new trial. Prosecutors opposed the delay, according to case materials.

In March, U.S. prosecutors asked the court to schedule the retrial for October on two charges after jurors failed to reach unanimous verdicts on either count. The charges involved conspiracy to commit money laundering and conspiracy to violate U.S. sanctions.

A Manhattan jury found Storm guilty in August 2025 of conspiring to operate an unlicensed money-transmitting business. This crime carries a sentence of up to five years in prison. Later, Storm asked the court to acquit him of all three charges. He argued that prosecutors failed to prove his intent to help criminals misuse Tornado Cash.

"My motion for acquittal is still sitting there undecided," Storm said on X on Tuesday. "Honestly, I don't know when this will be over."

Related: On-chain and in court: Top events of the week in crypto law

end-content

Пов'язані питання

QWhat is the new date set for Roman Storm's retrial, and why was it postponed?

ARoman Storm's retrial has been postponed from October 26, 2026, to April 26, 2027. The delay was granted by the federal judge to consider his pending motion for acquittal and to allow his defense team adequate preparation time if the motion is denied.

QOn what charges was Roman Storm convicted by a Manhattan jury in August 2025, and what is the maximum potential sentence?

AIn August 2025, a Manhattan jury convicted Roman Storm of conspiracy to operate an unlicensed money-transmitting business. This charge carries a maximum sentence of up to five years in prison.

QWhat were the two charges from the initial trial that resulted in a hung jury, leading to the planned retrial?

AThe two charges that resulted in a hung jury were conspiracy to commit money laundering and conspiracy to violate U.S. sanctions. The jury could not reach a unanimous verdict on these counts.

QWhat is the central argument made by Roman Storm's defense team in their motion for acquittal?

AThe central argument in Roman Storm's motion for acquittal is that the prosecution failed to prove he had the specific intent to assist criminals in misusing the Tornado Cash protocol.

QWhy did Storm's lawyers request a delay of the retrial, and what was the prosecution's stance on it?

AStorm's lawyers requested a delay, stating they would need at least 90 days to prepare for the retrial after a ruling on the acquittal motion. The prosecution opposed the request for a postponement.

Пов'язані матеріали

Hubei State-Owned Assets Achieve the Largest Return in History

After years of anticipation, Yangtze Memory Holdings Co., Ltd. (YMTC) has filed for an IPO on Shanghai's STAR Market, seeking to raise 33 billion yuan—the largest offering in the board's history. This move follows the recent listing of its peer, ChangXin Memory Technologies (CXMT), which reached a market valuation exceeding 4 trillion yuan. Dubbed the "twin stars of domestic memory," both companies, founded in 2016 in Hefei and Wuhan respectively, symbolize China's push for semiconductor self-sufficiency. YMTC's journey began with its predecessor, Wuhan Xinxin, established in 2006. Backed by substantial state investment from Hubei and Wuhan, it evolved into a national memory base. The company achieved key technological breakthroughs, and now ranks as the world's third-largest and China's top NAND Flash manufacturer by sales. Its recent financials are strong, with Q1 2026 revenue of 47.04 billion yuan and net profit of 33.38 billion yuan. Post-IPO, its market value is widely expected to surpass 1 trillion yuan. The potential windfall highlights the success of long-term, patient capital from Hubei's state-owned entities. Key shareholders like Hubei Changsheng, Xintech, and government-backed funds have supported YMTC through years of development. Their collective stake could be worth hundreds of billions after the listing. This model mirrors other successes in Wuhan, such as Huagong Tech, where local state investment during a low point later yielded massive returns. The story reflects a broader national trend of regional transformation through strategic, high-tech investments. Hefei's bet on CXMT, now worth over 3.7 trillion yuan, propelled the city's A-share market cap to 4th nationally, showcasing how a major firm can reshape an entire local industry ecosystem. Similarly, Wuhan's photoelectronics cluster, now worth over 850 billion yuan, aims to become a world-class hub. The takeaway is clear: in the reshuffling of Chinese cities, patient, courageous state investment in core technologies—from memory chips to advanced manufacturing—is proving to be a decisive factor, turning long-term visions into economic reality.

marsbit21 хв тому

Hubei State-Owned Assets Achieve the Largest Return in History

marsbit21 хв тому

The Myth of AI Investment Collapses

"The AI Investment Myth Bursts: The Swift Collapse of a $45 Billion Fund The high-flying hedge fund Situational Awareness (SA), founded by 24-year-old former OpenAI researcher Leopold Aschenbrenner, neared total collapse in late July. Once a Wall Street darling, the fund saw its assets under management rocket from $1.5 billion to $45 billion in under a year, driven by a massively leveraged bet on the AI boom. Its core strategy was a 'Texas hedge'—simultaneously buying stocks seen as AI beneficiaries (like chipmakers) and shorting those deemed AI victims (like certain software firms). In reality, both sides of this trade were dependent on unbroken market confidence in AI. This strategy generated staggering returns, peaking at 439% year-to-date. However, it concealed extreme concentration, high leverage (reportedly 3-to-1), and liquidity risks from illiquid private holdings like Anthropic. When semiconductor stocks corrected sharply in late July, SA's long positions plummeted. Simultaneously, its short bets failed as 'AI victim' stocks rose, causing losses on both sides. The fund faced immediate, massive margin calls. With minutes to spare before a forced liquidation by its prime brokers, SA sold its entire public market portfolio at a discount to Citadel on July 30, narrowly avoiding a market-wide cascade. The fund's value crashed from $45 billion to roughly $10 billion (excluding its remaining Anthropic stake). The episode exposes the systemic risks embedded in the frenzied, highly leveraged chase for AI returns. It serves as a stark reminder of the old Wall Street adage: markets can stay irrational longer than investors can stay solvent. The crisis shifts focus from Aschenbrenner's AI predictions to whether capital markets will continue ignoring such dangerous concentration and leverage in pursuit of the next 'sure thing' narrative."

marsbit22 хв тому

The Myth of AI Investment Collapses

marsbit22 хв тому

Торгівля

Спот
活动图片