US prosecutors suggest late 2026 retrial for Twister Money co-founder
Federal prosecutors on Monday submitted a proposed schedule for the potential retrial of Twister Money co-founder and developer Roman Storm to start later this yr. Storm was discovered responsible on one in all three fees associated to unlawful cash transmitting in 2025, however a jury deadlocked on two different fees, setting the stage for a possible retrial.
US Lawyer for the Southern District of New York (SDNY) Jay Clayton Clayton proposed an Oct. 20 remaining pretrial convention in Storm’s case, signaling a possible trial begin date of late October or November 2026. The submitting famous that the timeline was topic to the court docket’s determination on a Rule 29 movement filed by Storm requesting acquittal of the remaining fees.
Supply: PACER
Storm’s case continues to attract consideration from many within the crypto trade given the implications for builders probably being held criminally answerable for code they write. Ought to a retrial be scheduled, the Twister Money co-founder might face the 2 remaining fees of conspiracy to commit cash laundering and conspiracy to violate sanctions once more.
Decide units 60-day deadline for prosecutors to reply to Celsius CEO’s movement to vacate sentence
Alex Mashinsky, the previous CEO of cryptocurrency lending platform Celsius who mentioned he can be representing himself in court docket, might obtain a solution to his professional se movement to vacate his 12-year sentence earlier than the top of the yr.
In a Saturday submitting within the US District Courtroom for SDNY, Decide John Koeltl granted a movement giving prosecutors till mid-August to reply to Mashinsky’s request to vacate his sentence. The 60-day deadline adopted the previous Celsius CEO requesting the decide vacate his Might 2025 sentence, which resulted in Mashinsky reporting to federal jail.
Mashinsky, as soon as one of the vital recognizable figures within the crypto trade, was indicted in 2023 along with his cohort Roni Cohen-Pavon on fees associated to fraud and market manipulation. Celsius filed for chapter in 2022 amid the crypto market downturn that resulted within the collapse of exchanges together with FTX and Voyager Digital.
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The previous CEO was ordered to pay $48 million in forfeiture as a part of his felony case. Cohen-Pavon was sentenced to time served however ordered to pay greater than $1 million and a $40,000 nice.
Decide units December 2026 trial for US soldier in Polymarket insider buying and selling case
Gannon Ken Van Dyke, the US soldier charged after allegedly making greater than $400,000 on a Polymarket occasion contract associated to the seize of Venezuela President Nicolás Maduro, is taking a look at a December 2026 trial after his April arrest.
In a June 10 SDNY submitting, Decide Margaret Garnett ordered pretrial motions for US prosecutors and protection attorneys in Van Dyke’s case, culminating in jury choice scheduled for Dec. 7. The soldier allegedly used nonpublic data to revenue off the elimination of Maduro in January, when US forces entered his residence in Caracas and extradited him to the US to face felony fees.
The Van Dyke case carries potential implications for Polymarket and different prediction markets platforms going through scrutiny from US lawmakers calling for elected officers to be barred from probably betting on occasions with categorised or nonpublic data. Van Dyke has pleaded not responsible to all fees.
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