Cash and carry arbitrage is a market-neutral strategy that seeks to profit from price discrepancies in spot and futures markets. The arbitrageur combines a long position in the spot market with a short position in futures when futures trade at a premium to spot prices. As futures expiry nears, the premium evaporates, and on the day of the settlement, futures converge with spot prices, generating a relatively risk-less return to the arbitrageur.
DOJ Disputes Roman Storm’s Characterization of Tornado Cash Operations in New Filing
The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring to operate an unlicensed...