- Hackers who stole $50 million from Infini are moving funds through Tornado Cash during the ongoing U.S. trial against its founder, Roman Storm.
- Approximately $10 million in ether was sent to Tornado Cash after the Infini hack, with over 1,700 ETH swapped for about $5.9 million in DAI.
- Prosecutors accuse Storm of conspiracy to commit money laundering and violating economic sanctions.
- The trial includes evidence such as references to “cleaning” Ethereum and discusses cybercriminals using Tornado Cash to launder stolen assets.
- Tension has arisen over the defense mentioning financial privacy and crypto-related kidnappings, which the prosecution seeks to block in court.
Hackers responsible for stealing $50 million from the “next-gen stablecoin neobank” Infini earlier this year are using the privacy-focused crypto mixer Tornado Cash to move millions of stolen digital assets. This activity is occurring as the U.S. criminal trial against Tornado Cash founder Roman Storm continues.
Around $10 million in ether (ETH) from the Infini theft was sent to Tornado Cash today, with reports indicating the Hackers also converted over 1,700 ETH into approximately $5.9 million of the stablecoin DAI.
Authorities accuse Roman Storm of conspiracy to commit money laundering and conspiracy to violate economic sanctions. According to courtroom updates from Inner City Press, forensic experts and law enforcement agents have testified about raids and transactional evidence in the case. Items presented in court have included a neon Tornado Cash sign and a hard drive that described “cleaning” Ethereum alongside a picture of a washing machine, cited as references to money laundering.
The defense challenged the relevance of some evidence, including a Telegram message, arguing it should not be considered valid. Prosecutors have questioned witnesses impacted by previous hacks, including individuals associated with the Axie Infinity breach, which saw a $600 million theft moved through Tornado Cash.
In opening arguments, Storm‘s legal team highlighted concerns over public access to financial transactions and the potential risks associated with lack of privacy. A report from The Rage noted that prosecutors requested limits on testimony referring to privacy and crypto-related kidnappings, calling such arguments inflammatory and not relevant for expert testimony.
Other details include the rejection of a donation sent to Storm‘s legal fund from the proceeds of a separate $12 million exploit, due to its connection with stolen assets. The trial continues as witnesses and evidence are presented by both sides.
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