Deadlock in Tornado Cash Founder Trial

A U.S. jury in Manhattan reached an impasse on Wednesday over the charges of money laundering and sanctions evasion against Tornado Cash's founder, Roman Storm. The charges are linked to efforts to obscure cryptocurrency transactions.

Despite the deadlock on the more severe charges, the jury found Storm guilty of a lesser charge. This conviction was for conspiracy to operate an unlicensed money transmitting business, an indictment connected to laundering activities from hacks, notably involving a North Korean government-supported group.

The outcome underscores the complex nature of prosecuting digital currency operations and the increasing scrutiny on firms that facilitate anonymized financial transactions.

(With inputs from agencies.)