-
Judge sets tentative retrial date as acquittal motion decision will determine whether case proceeds or ends.
-
Jury deadlock left key charges unresolved, prompting prosecutors to seek retrial on laundering and sanctions counts.
-
Defense argues protocol neutrality and free speech, while prosecutors allege facilitation of illicit transactions.
A New York federal court has tentatively set October 26, 2026, for a possible retrial of Tornado Cash co-founder Roman Storm, according to Eleanor Terrett. Judge Katherine Polk Failla scheduled the date while reviewing Storm’s motion for acquittal. The decision will determine whether the case proceeds after earlier mixed jury outcomes.
Court Ties Retrial to Pending Acquittal Ruling
Judge Katherine Polk Failla is still considering Storm’s motion filed under Criminal Rule 29. The motion seeks to overturn his conviction for conspiracy to operate an unlicensed money transmitting business. According to the docket, the retrial will only proceed if the judge denies that request.
Notably, the court has already adjusted its fall calendar to accommodate the case. This move signals preparation despite no ruling on the motion. As a result, both outcomes remain active within the court’s schedule.
Prior Trial Left Key Charges Unresolved
The timeline follows an April 9, 2026 hearing where arguments were presented. Storm’s legal team challenged the sufficiency of the prosecution’s evidence during that session. However, prosecutors also requested a retrial on two unresolved charges.
Those charges include conspiracy to commit money laundering and conspiracy to violate U.S. sanctions. The jury previously failed to reach a unanimous verdict on both counts. As a result, the court declared a partial mistrial on those charges.
Arguments Highlight Dispute Over Protocol Role
During proceedings, Storm’s attorneys argued Tornado Cash operates as a non-custodial protocol. They said he lacked control over transactions and did not intend criminal use. They also raised First Amendment concerns tied to software publication.
However, prosecutors disputed that position. They argued Storm facilitated and profited from illicit activity conducted through the platform. Authorities claim the protocol processed over $1 billion in illegal funds, including transactions linked to North Korea’s Lazarus Group.
Meanwhile, industry figures attended the hearing and commented on the case. Patrick Wilson and Amanda Tuminelli noted the court’s detailed questioning. According to Terrett, no timeline has been given for the final ruling.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polish Crypto Exchange Zondacrypto CEO Flees to Israel as $97M Fraud Probe Deepens
Polish prosecutors have opened a fraud investigation into cryptocurrency exchange Zondacrypto after chief executive Przemysław Kral departed for Israel, where his citizenship could prevent extradition, leaving up to 30,000 users facing losses tied to an inaccessible cold wallet holding 4,500
Coinpedia1h ago
Litecoin Reorg Undoes MWEB Privacy Layer Exploit
Litecoin underwent a deep chain reorganization on Saturday after attackers exploited a zero-day vulnerability in its MimbleWimble Extension Block (MWEB) privacy layer, according to the Litecoin Foundation. The incident resulted in a three-hour reorg that erased invalid transactions from the
CryptoFrontier2h ago
US Sanctions Iran-Linked Crypto Wallets Holding $344M Frozen by Tether
U.S. Treasury Secretary Scott Bessent announced sanctions on multiple wallets linked to Iran as part of President Donald Trump's efforts to increase economic pressure on the country, according to CNN. The move follows Tether's freeze of $344 million in USDT on Tron, which has been linked to
CryptoFrontier2h ago
CFTC Sues New York as 38 AGs Back Kalshi Prediction Market Ban
New York Attorney General Letitia James joined a bipartisan coalition of 37 other attorneys general and the District of Columbia on Friday in urging Massachusetts' top court to uphold a preliminary injunction against prediction market platform Kalshi, while the U.S. Commodity Futures Trading Commiss
CryptoFrontier3h ago
CFTC sues New York State: Defend the federal exclusive jurisdiction over prediction markets
CFTC4/24 filed a lawsuit against the State of New York in the U.S. Federal Court for the Southern District of New York, arguing that the event contracts are subject to federal exclusive jurisdiction, and seeking a permanent injunction to stop state law from interfering with CFTC-registered entities. The core issue is field preemption; if they win, Polymarket, Kalshi, and others in the U.S. will have compliance and market positioning dominated by the federal framework, and the influence of state law will be weakened.
ChainNewsAbmedia4h ago
North Korean IT Workers Laptop Farm Scam: US Co-Conspirator Sentenced to 7–9 Years, Netting $2.8 Billion Over Two Years
Fortune reported that North Korea used laptop farms inside the United States, generating about $2.8 billion in revenue over two years to support nuclear weapons; annual tribute is $250–600 million. The U.S. citizen suspects Kejia Wang and Zhenxing Wang were each sentenced to 7.5 years and 9 years, respectively, for involvement exceeding 100 companies and 80 cases of identity theft. North Korea operated in the U.S. using U.S. identities and fixed devices, with funds mostly being converted via cryptocurrencies. Experts warn that an accomplice network still exists inside the country, and companies must strengthen identity verification, address tracking, and time zone/IP analysis.
ChainNewsAbmedia5h ago