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Following an extended period of deliberations, Tornado Cash developer Roman Storm has been found guilty of conspiracy to operate an unlicensed money-transmitting business, one of the three charges brought against him by the US. According to coverage from Inner City Press, the jury failed to reach a unanimous decision on the money laundering charge and on the conspiracy to violate US economic sanctions charge. US prosecutors then attempted to have Storm remanded to prison. They argued that his connections to Russia, his comments on cheating the immigration system, and the tens of millions of dollars worth of funds he owns all make him a flight risk. Judge: Let me see it… Deputy: Mr. Foreperson, Count 1, how do you find? Foreperson: Not unanimous. Deputy 2: Count 2? Foreperson: Guilty. Deputy: Count 3, IEEPA? Foreperson: Not guilty. — Inner City Press (@innercitypress) August 6, 2025 Read more: Roman Storm trial rocked by tracing errors and mistrial calls ...

South Korea has joined the ranks of nations launching pilot programs for central bank digital currency (CBDC). The pilot project, aimed at exploring the technical infrastructure for a CBDC, will involve the participation of private banks, public institutions, and the invaluable technical support of the Bank for International Settlements (BIS). The joint announcement regarding the CBDC pilot program was made on October 4th by the Bank of Korea (BOK), the Financial Services Commission (FSC), and the Financial Supervisory Service (FSS). According to the announcement, the project’s primary objective is to evaluate the feasibility of a future monetary system built upon “wholesale CBDCs.” The pilot program encompasses not only private banks and public institutions but also includes comprehensive testing of both retail and wholesale CBDCs. Within the experimental framework of the wholesale CBDC, participating banks will tokenize their deposits and circulate them within a ne...

FTX founder Sam Bankman-Fried’s trial is all set to begin tomorrow, i.e. on Oct. 3, 2023, in a federal courtroom in Manhattan. He currently faces up to 115 years behind bars. The executive faces fraud and conspiracy accusations related to the operation and subsequent collapse of FTX. Unlike his colleagues, the FTX founder has pleaded ‘not guilty’ against all charges against him. Tomorrow, Sam Bankman-Fried will stand trial for one of the biggest frauds in US history. SBF is facing up to 115 years in prison. pic.twitter.com/jPM8zMf7sj — Watcher.Guru (@WatcherGuru) October 3, 2023 Also Read: Sam Bankman-Fried: Being Sent to Jail Violates ‘Free Speech Right’ Bankman-Fried was granted a $250 million bail towards the end of Q4 2022. That had been recognized as the highest pre- trial bail bond in the history of the U.S. In August, U.S. prosecutors asked the court to revoke Bankman-Fried ’s $250 million bond. The executive...