Jury Don Selected for Tornado Cash Trial as Privacy Dey Focus
Roman Storm wey be co-founder of Tornado Cash dey face serious trial for Manhattan over crypto money laundering allegation. Jury don already pick, 12 people (7 women, 5 men) half of dem under 31 years old, so dem get diversity. Prosecutors accuse Storm say e help hackers like North Korea’s Lazarus Group to launder money wey dem get from attacks like the 2022 Axie Infinity Ronin Network hack. Storm defence talk say Tornado Cash na privacy protocol wey dem make for legitimate use and e no get any criminal mind. Trial go start next week, e go focus on transaction records and user privacy. People wey dey watch the matter talk say this fit affect global DeFi regulation and say the younger jury fit change how people see the law limits of Tornado Cash.
Bearish
Ongoing federal charges and di increase regulatory scrutiny dey put direct negative pressure for Tornado Cash token. Di trial wey dey focus on alleged money laundering dey highlight legal risks for users and platforms. Short-term volatility fit increase as traders dey react to wetin happen for courtroom. Long-term uncertainty about DeFi regulation and possible precedents dey heighten sell-side feeling, wey dey pressure token demand and market stability.