On July 3, 2025, the U.S. Court docket of Appeals for the Eleventh Circuit agreed to finish an enchantment that crypto advocacy group Coin Heart made to OFAC concerning the Ethereum-based mixing service Twister Money.
This resolution by the court docket occurred roughly two and a half months after the U.S. Treasury Division eliminated Twister Money from its OFAC Sanctions record after having stored it on the record for over three years.
The dismissal of this case formally ends Coin Heart’s difficult OFAC’s resolution to incorporate Twister Money on its sanctions record.
Peter Van Valkenburgh, government director at Coin Heart commented on X earlier at the moment that the federal government didn’t wish to proceed to defend an interpretation of sanctions legal guidelines that appeared too broad.
This enchantment being dropped comes within the wake of a memo from the U.S. Deputy Legal professional Normal Todd Blanche through which he acknowledged that the U.S. Division of Justice will now not goal crypto expertise like mixers.
Twister Money Builders Nonetheless On Trial
Although this enchantment has been dropped and Twister Money is now not on the OFAC sanctions record, the creators of the expertise are nonetheless on dealing with legal fees.
Twister Money co-founder and developer Roman Storm is scheduled to look in federal court docket within the Southern District of New York on Monday, July 14, 2025.
Storm is presently dealing with cash laundering and sanctions violations fees, although, he has affirmed that he didn’t revenue from illicit transactions that had been made by means of the Twister Money service.
In September of this yr, Storm’s attorneys submitted a movement to dismiss the fees, stating that Twister Money didn’t meet the definition of a cash transmitter below the Financial institution Secrecy Act (BSA) as a result of the expertise doesn’t take management of consumer funds (i.e., personal keys). The court docket denied the movement, although, stating that the BSA’s scope doesn’t require that the expertise take management of consumer funds.
Alexey Pertsev, one other Twister Money co-founder, was discovered responsible of cash laundering in The Netherlands in Might 2024 and was sentenced to 5 years in jail.
Roman Semenov, the third Twister Money co-founder, has been at massive and wished by the FBI since August 2023. The U.S. Division of Justice plans to carry Semenov up on the identical fees as Storm.
