The united states Site of business of International Resources Administration sanctioned the Twister Money mixer in 2022 — accusing it of facilitating money laundering.
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Ethereum (ETH) co-founder Vitalik Buterin recently donated any other 100 Ether, valued at approximately $240,000, to Twister Money developer Roman Storm’s lawful protection fund — marking the third time the indispensable crypto builder has donated to the motive.
Constant with the Protect Roman Storm crowdsourcing internet page, 148 varied payments were obtained for the developer’s protection fund — totaling over 327 ETH, valued at roughly $785,000, at the time of writing.
“I cannot state how powerful it formulation to me. Thank you for your lengthy-lasting crimson meat up,” the Twister Money developer told Buterin following the contribution.
Supply: Free Pertsev and Storm.
Court docket orders Roman Storm Case to proceed
On Sept. 26, 2024, United States Think Katherine Failla denied Storm’s bound for dismissal, allowing the case to proceed. Failla remarked that the costs in opposition to Storm weren’t baseless and that she “cannot merely compile Mr. Storm’s myth that he’s being prosecuted merely for writing code.”
Storm pleaded no longer guilty to the costs and maintains that Twister Money is originate-source tool that will perhaps well also merely additionally be aged by any individual and will not be always controlled by Twister Money’s developers.
If convicted on all three costs, Storm faces a maximum sentence of forty five years in the abet of bars — a prospect that has shaken the crypto community and triggered an outpouring of crimson meat up for the embattled tool developers.
In June 2024, it was reported that JusticeDAO was fashioned to crowdsource a protection fund for the Twister Money developers. The community raised over 654 ETH, valued at over $1.5 million presently market costs.
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Sanctions cannot discontinuance the Twister
Despite sanctions from the Site of business of International Resources Administration (OFAC) and lawful stress from US officials, deposits into the Twister Money mixer reached approximately $1.9 billion in the necessary half of 2024. This represents a 50% enlarge in deposits from the whole lot of the earlier year.
The sanctions were completely efficient if Twister Money users deliberate to route funds by arrangement of OFAC-compliant centralized exchanges with know-your-customer controls and centered wallet addresses — which also can very smartly be pseudonymous and can merely additionally be created on demand.
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