A federal jury found crypto developer Roman Storm guilty of operating an unlicensed crypto business but cleared him of sanctions violations and deadlocked on a money laundering charge.

A jury could not agree on whether Storm helped launder more than $1B in dirty crypto, including for North Korea. They convicted on one lesser count.

A co-founder of Tornado Cash was convicted of conspiring to run an unlicensed money-transfer operation, while avoiding more serious charges that could have subjected him to decades in prison, in a closely watched case with sweeping implications for open-source development and blockchain privacy.