Twister Money Developer Information For Dismissal of Cash Laundering Expenses

• Roman Storm has denied allegations indicting him of conspiracy to commit cash laundering and violate sanctions.
• Storm’s attorneys advised the courtroom that constructing Twister Money isn’t the identical as laundering cash.
• Storm claimed he couldn’t management Twister Money or forestall its use by Lazarus and comparable entities.

Twister Money developer Roman Storm has denied allegations indicting him of conspiracy to commit cash laundering and violate sanctions. Storm’s authorized group filed a movement final Friday to dismiss the felony indictment, claiming that constructing Twister Money isn’t the identical as laundering cash.

Storm’s authorized challenges began final summer time when the authorities indicted him and his fellow developer, Roman Semenov. Expenses introduced towards the pair embody conspiracy to commit cash laundering and conspiracy to function an unlicensed cash transmitter. The authorities additionally charged the Twister Money devs with conspiring to violate the Worldwide Emergency Financial Powers Act.

The allegations led to Storm’s arrest, though the authorities later launched him on bail. By way of specifics relating to the case, the U.S. Division of Justice alleged that Twister Money facilitated the laundering of over $1 billion by North Korea’s Lazarus and different comparable teams. 

Excerpts from the movement filed by the attorneys argued Storm is a developer, and his solely settlement, along with the members of his U.S.-based firm, was to construct software program options to offer monetary privateness to reliable cryptocurrency customers. They argued that the Twister Money developer didn’t commit any crime.

Additional element revealed the filed movement described Twister Money as a “set of non-custodial sensible contracts wherein customers keep full possession and management over their property with out the necessity to depend on any service supplier or different middleman.” Following the outline, the attorneys argued that Twister Money isn’t a mixer or a service, as alleged.

In response to Storm’s attorneys, the developer couldn’t management Twister Money or forestall its use by Lazarus and comparable entities. They famous that the blockchain privateness resolution doesn’t match the definition of a “monetary establishment,” as customers keep management over their funds, and the protocol “didn’t cost any price however was a free and open-source software program software.”