No Result
View All Result
  • Login
Wednesday, February 18, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Cryptocurrency

ETH Core Developer Testifies In Roman Storm Defense As Gov’t Rests Case

by FeeOnlyNews.com
7 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
0
ETH Core Developer Testifies In Roman Storm Defense As Gov’t Rests Case
Share on FacebookShare on TwitterShare on LInkedIn



Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness. 

According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York, Ethereum core developer Preston Van Loon testified in Storm’s defense case, which is expected to last about a week. The developer reportedly described Tornado Cash as a “privacy tool for Ethereum” and said he had used the mixing service four times to send a combined 43 Ether (ETH) in 2019 or 2020, citing safety concerns.

“If [hackers] know the scope of my assets I can become a target,” said Van Loon, according to reporting from the courtroom.

Prosecutors’ cross-examination of Van Loon by prosecutors was largely confined to questions about any personal connections to Storm and whether he used a “normal crypto platform like Coinbase.” Storm’s lawyers reportedly said on Wednesday that they planned to call “two or three doctors” to testify, and possibly someone from Chainalysis.

Related: What you need to know about Roman Storm’s Tornado Cash trial

Van Loon’s testimony marked the ninth day of Storm’s criminal trial, in which he faces charges of money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate US sanctions related to his role at Tornado Cash.

The Ethereum core developer had already been a party to a lawsuit against the US Treasury over its sanctions against the crypto mixing service’s smart contract addresses.

Storm still faces prison time

With the defense expected to wrap up its case within two weeks, Storm’s lawyers made another filing on Thursday, requesting that the judge modify the jury instructions to clarify information on Tornado Cash and the North Korean hackers, the Lazarus Group.

Storm potentially faces years in prison if convicted. Judge Katherine Failla reportedly said on Monday that she was mindful of the charges in other crypto-related cases, including that of former FTX CEO Sam Bankman-Fried, who was sentenced to 25 years after being found guilty of seven felony charges.

Alexey Pertsev, one of the three Tornado Cash co-founders and developers, was sentenced to more than five years in prison in 2024. He was found guilty of money laundering in the Netherlands.

Magazine: Robinhood’s tokenized stocks have stirred up a legal hornet’s nest



Source link

Tags: CaseCoredefenseDeveloperETHGovtrestsRomanStormtestifies
ShareTweetShare
Previous Post

INTC Earnings: Intel slips to a loss in Q2 2025 on flat revenues

Next Post

Tesla ETF Drops as EV Maker Faces 2Q Earnings Challenge

Related Posts

XRP Emerges As The Crypto Everyone’s Talking About: Grayscale

XRP Emerges As The Crypto Everyone’s Talking About: Grayscale

by FeeOnlyNews.com
February 18, 2026
0

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day,...

Quant Giant Jane Street Adds 6M in IBIT Shares During Q4 2025

Quant Giant Jane Street Adds $276M in IBIT Shares During Q4 2025

by FeeOnlyNews.com
February 18, 2026
0

Jane Street Group sharply increased its exposure to Blackrock’s Ishares Bitcoin Trust in the fourth quarter of 2025, scooping up...

Bitwise And GraniteShares File Election Prediction ETFs

Bitwise And GraniteShares File Election Prediction ETFs

by FeeOnlyNews.com
February 17, 2026
0

Exchange-traded fund issuers Bitwise and GraniteShares have filed with the US Securities and Exchange Commission to launch funds tied to...

Michael Kratsios: US leads in AI innovation, infrastructure build-out boosts GDP by 2%, and the urgent need for unified regulatory frameworks

Michael Kratsios: US leads in AI innovation, infrastructure build-out boosts GDP by 2%, and the urgent need for unified regulatory frameworks

by FeeOnlyNews.com
February 17, 2026
0

The US holds a competitive edge in AI development, bolstered by significant innovation from domestic companies. Current AI infrastructure investments...

CFTC Rallies to Defend Prediction Markets From State Attacks

CFTC Rallies to Defend Prediction Markets From State Attacks

by FeeOnlyNews.com
February 17, 2026
0

Blueberry Broker Review 2026: Regulation, Platforms, Fees & Trading Conditions | Finance Magnates Blueberry Broker Review 2026: Regulation, Platforms, Fees...

Ethereum Price Outlook Turns Critical After Harvard’s Portfolio Shift From Bitcoin ETFs

Ethereum Price Outlook Turns Critical After Harvard’s Portfolio Shift From Bitcoin ETFs

by FeeOnlyNews.com
February 17, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Institutional capital flows and weakening market momentum...

Next Post
Tesla ETF Drops as EV Maker Faces 2Q Earnings Challenge

Tesla ETF Drops as EV Maker Faces 2Q Earnings Challenge

Market Talk – July 24, 2025

Market Talk - July 24, 2025

  • Trending
  • Comments
  • Latest
Super Bowl ads go for silliness, tears and nostalgia as Americans reel from ‘collective trauma’ of recent upheaval — ‘Everybody is stressed out’

Super Bowl ads go for silliness, tears and nostalgia as Americans reel from ‘collective trauma’ of recent upheaval — ‘Everybody is stressed out’

February 8, 2026
York IE Adds OpenView Veteran Tom Holahan as General Partner for New Early Growth Fund

York IE Adds OpenView Veteran Tom Holahan as General Partner for New Early Growth Fund

February 11, 2026
The Weekly Notable Startup Funding Report: 2/9/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 2/9/26 – AlleyWatch

February 9, 2026
Self-driving startup Waabi raises up to  billion, partners with Uber to deploy 25,000 robotaxis

Self-driving startup Waabi raises up to $1 billion, partners with Uber to deploy 25,000 robotaxis

January 28, 2026
Huntington Bank gives Ameriprise institutional unit B boost

Huntington Bank gives Ameriprise institutional unit $28B boost

February 6, 2026
Sellers Are Accepting Even Less

Sellers Are Accepting Even Less

January 23, 2026
Quad Swings to Annual Profit and Increases Dividend Amid Ongoing Sales Pressure

Quad Swings to Annual Profit and Increases Dividend Amid Ongoing Sales Pressure

0
Dilip Buildcon shares rally 4% as lowest bidder for Rs 702 crore Gujarat flood control project

Dilip Buildcon shares rally 4% as lowest bidder for Rs 702 crore Gujarat flood control project

0
CFTC Rallies to Defend Prediction Markets From State Attacks

CFTC Rallies to Defend Prediction Markets From State Attacks

0
If you can spend hours alone without feeling restless, psychology says you have these 7 distinct qualities

If you can spend hours alone without feeling restless, psychology says you have these 7 distinct qualities

0
3 Undervalued Stocks to Buy in a Rotating Market

3 Undervalued Stocks to Buy in a Rotating Market

0
New-Age Credit Card Scams: How Deepfake Fraud Targets Cardholders

New-Age Credit Card Scams: How Deepfake Fraud Targets Cardholders

0
If you can spend hours alone without feeling restless, psychology says you have these 7 distinct qualities

If you can spend hours alone without feeling restless, psychology says you have these 7 distinct qualities

February 18, 2026
3 Undervalued Stocks to Buy in a Rotating Market

3 Undervalued Stocks to Buy in a Rotating Market

February 18, 2026
Quad Swings to Annual Profit and Increases Dividend Amid Ongoing Sales Pressure

Quad Swings to Annual Profit and Increases Dividend Amid Ongoing Sales Pressure

February 18, 2026
Job hopping isn’t really worth it, finds data from ADP—unless you’re a miner or builder

Job hopping isn’t really worth it, finds data from ADP—unless you’re a miner or builder

February 18, 2026
Which Is the Best First Rental?

Which Is the Best First Rental?

February 18, 2026
Here’s the Airline That Americans Love Most in 2026 — by Multiple Measures

Here’s the Airline That Americans Love Most in 2026 — by Multiple Measures

February 18, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • If you can spend hours alone without feeling restless, psychology says you have these 7 distinct qualities
  • 3 Undervalued Stocks to Buy in a Rotating Market
  • Quad Swings to Annual Profit and Increases Dividend Amid Ongoing Sales Pressure
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.