Vitalik Buterin donates over $100,000 to Tornado Cash developers’ legal defense

Share This Post

Ethereum co-founder Vitalik Buterin donated 30 ETH, approximately $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm.

Etherscan data shows that Buterin donated to the “Free Pertsev and Storm” defense fund on the decentralized fundraising platform Juicebox early today, May 30. The fund had raised 591 ETH worth $2.2 million as of press time.

Buterin’s donation is unsurprising, considering he has been a prominent advocate for crypto privacy tools and a consistent user of such platforms.

Tornado Cash developers’ legal trouble

Over the past year, Pertsev and Storm, the Tornado Cash privacy protocol developers, have faced legal troubles for their association with the crypto mixer.

Earlier this month, a Dutch court sentenced Pertsev to 64 months in prison for laundering approximately $1.2 billion through the Tornado Cash crypto mixer between July 2019 and August 2022. However, the developer has reportedly appealed against the judgment at the s-Hertogenbosch Court of Appeal in the Netherlands.

Similarly, Storm has been detained in the US since 2023, and his trial is scheduled for September.

Meanwhile, Buterin’s donation reflects the growing support the developers continue to enjoy within the crypto community. Last month, three blockchain advocacy groups filed amicus curiae briefs to defend Storm against criminal charges in the US, supporting his efforts to dismiss the charges.

Moreover, US lawmakers Senators Cynthia Lummis and Ron Wyden have also challenged the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business to include non-custodial crypto asset software services like Tornado Cash. They argued that such broad definitions would stifle innovation and shake confidence in the DOJ’s respect for the rule of law.

Additionally, several crypto projects are considering proposals to support developers. Discussions about potential donations are ongoing on Optimism, Aave, MakerDAO, YearnFi, Alchemix, and Uniswap forums.

The post Vitalik Buterin donates over $100,000 to Tornado Cash developers’ legal defense appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Torches $18B in Value and Clears 6M ETH Burned, Yet the Supply Keeps Expanding

According to metrics, the tally of ETH burned from fees has sailed past the 6 million mark, meaning that as of Dec 7’s exchange rates, more than $18 billion in value has effectively gone up in

A sudden $13.5 billion Fed liquidity injection exposes a crack in the dollar that Bitcoin was built for

The number didn’t look dramatic at first glance ($135 billion in overnight repos on Dec 1), but for anyone who watches the Federal Reserve’s plumbing, it was a noticeable spike These operations

Dogecoin’s Dozen Years: King Of Meme Coins Marks 12th Birthday In Rough Markets

Dogecoin has just celebrated its 12th anniversary, a milestone that arrives during a period of shaky price action The meme coin has spent the majority of recent days trading with a bearish tone, but

Bitcoin Price Prediction: Can BTC Break Out of the $89K Range This Week?

The post Bitcoin Price Prediction: Can BTC Break Out of the $89K Range This Week appeared first on Coinpedia Fintech News Bitcoin stayed close to $89,000 on Sunday, holding inside a narrow trading

No Santa Rally? Bitcoin Derivatives Markets Hint at a Cold December

Bitcoin slid under $88,000 on Sunday morning, putting the market squarely in “so much for the Santa Rally” territory With derivatives traders scrambling for footing and open interest wobbling

Ethereum, XRP, Dogecoin Price Predictions: ETFs Are Quietly Shaping the Next Big Move

The post Ethereum, XRP, Dogecoin Price Predictions: ETFs Are Quietly Shaping the Next Big Move appeared first on Coinpedia Fintech News This week’s Top crypto analysis reveals a shifting dynamic