- Roman Storm, Tornado Cash co-founder, was convicted of running an unlicensed money business, facing up to five years in prison.
- A crypto investor lost $3M in USDt to a phishing scam by signing a malicious transaction, highlighting the need for caution.
- Indonesia is exploring a national Bitcoin reserve, with Bitcoin Indonesia discussing mining to boost the country’s economy.
Big stuff went down in crypto today. Roman Storm, one of the guys behind Tornado Cash, got hit with a guilty verdict in a Manhattan court for running an unlicensed money business.
He could face up to five years in jail. The jury argued for days but couldn’t decide on money laundering or North Korea sanctions charges. Prosecutors said Storm had the power to stop criminals from using Tornado Cash but didn’t, while his lawyers argued it’s all about privacy.
Scams and Bitcoin Reserve Buzz
On the rough side, some poor investor lost $3 million in USDt to a phishing scam just by clicking a bad transaction link without double-checking the address.
Lookonchain was like, “One wrong click, and your wallet’s gone!” Another person got burned for $900,000 in a similar trick, so yeah, stay sharp out there.
Meanwhile, Indonesia’s thinking big—Bitcoin Indonesia met with government folks to talk about making Bitcoin a national reserve asset.
They’re looking at mining to juice up their $1.4 trillion economy. It’s a wild mix of legal drama, scams to dodge, and countries eyeing crypto to shake things up.
Also Read: Binance founder Changpeng Zhao moves to dismiss $1.8 billion FTX lawsuit
