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Federal prosecutors submitted a proposed schedule on Monday for the potential retrial of Roman Storm, co-founder and developer of Tornado Cash, with proceedings potentially commencing later this year. Storm was convicted on one of three charges regarding illegal money transmitting in 2025, yet a jury deadlocked on two additional counts, necessitating a retrial. Jay Clayton, the US Attorney for the Southern District of New York, proposed a final pretrial conference for Oct. 20, signaling a trial start date in late October or November 2026. The filing explicitly noted that this timeline remains contingent upon the court's ruling on a Rule 29 motion filed by Storm requesting acquittal on the remaining charges. Woofun AI notes that the case continues to attract significant attention from the crypto industry due to its profound implications for developers facing criminal liability for code they write. Should a retrial be scheduled, Storm could face the two remaining charges of conspiracy to commit money laundering and conspiracy to violate sanctions once again.
In a separate development on Saturday, Judge John Koeltl of the US District Court for the Southern District of New York granted a motion extending the deadline for prosecutors to respond to Alexander Mashinsky's request to vacate his sentence until mid-August. This 60-day window follows the former Celsius CEO's petition to vacate his May 2025 sentence, which resulted in his reporting to federal prison. Mashinsky, once a prominent figure in the crypto sector, was indicted in 2023 alongside Roni Cohen-Pavon on charges involving fraud and market manipulation. Celsius filed for bankruptcy in 2022 during the broader crypto market downturn that precipitated the collapse of major exchanges including FTX and Voyager Digital. As part of his criminal resolution, the former CEO was ordered to pay $48 million in forfeiture. Cohen-Pavon received a sentence of time served but was ordered to pay more than $1 million and a $40,000 fine.
Gannon Ken Van Dyke, a US soldier charged after allegedly profiting more than $400,000 from a Polymarket event contract related to the capture of Venezuelan President Nicolás Maduro, is now facing a trial scheduled for December 2026 following his arrest in April. In a filing dated June 10, Judge Margaret Garnett ordered pretrial motions for both US prosecutors and defense attorneys in Van Dyke's case, with jury selection set for Dec. 7. The soldier allegedly utilized nonpublic information to profit from the removal of Maduro in January, an event triggered when US forces entered his residence in Caracas and extradited him to the United States to face criminal charges. Data compiled by Woofun AI shows that the Van Dyke case carries significant implications for Polymarket and other prediction market platforms currently under scrutiny from US lawmakers. These officials are calling for measures to bar elected officials from betting on events involving classified or nonpublic information. Van Dyke has pleaded not guilty to all charges. Woofun AI analysis suggests that the convergence of these legal battles will likely reshape regulatory frameworks for decentralized finance and prediction markets in the coming years.