Twister Money Co-founder Roman Storm Launched on Bail

• Alexey Pertsev, one other Twister Money developer, was detained by Dutch police a 12 months in the past.
• Brian Klein, Storm’s legal professional, introduced his shopper’s launch from jail on Twitter.

In response to his legal professional, Roman Storm, co-founder of Twister Money, was freed on bond shortly after his detention by the U.S DOJ on August 23 on money-laundering and different prices. On August 24, Brian Klein, Storm’s legal professional, introduced his shopper’s launch from jail on Twitter.

In response to Klein, he’s “very dissatisfied” that the developer was penalized only for his involvement within the software program growth course of. The U.S Division of Justice (DOJ) introduced Storm’s arrest and accusations in opposition to him and Roman Semenov, the opposite co-founder of Twister Money, on August 23; bail was granted the next day.

Cash Laundering Fees

Furthermore, the US authority has accused the creators of Twister Money of being concerned within the laundering of over a billion {dollars}’ price of “prison proceeds.” Extra prices embody conspiracy to violate sanctions and conduct cash transmission actions with no correct license.

This latest growth follows the addition of Twister Money-related addresses on the OFAC record of Specifically Designated Nationals by the US Treasury Division round a 12 months in the past. Thereafter, Alexey Pertsev, one other Twister Money developer, was detained by Dutch police. After spending over 9 months behind bars, the programmer was lastly free of jail in April 2023.

To the tune of $2 billion in stolen cryptocurrency in 2022, digital asset analysis firm Chainalysis stated in early 2023 that it had traced the thefts again to cybercrime organizations in North Korea. In response to the report, these teams use Twister Money nearly completely to launder their illicit proceeds.

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