Ethereum Co-Founder Supports Tornado Cash Developers
Learn how Vitalik Buterin, Ethereum co-founder, donated 30 ETH (approximately $113,000) to the legal defense fund for Tornado Cash developers Alexey Pertsev and Roman Storm. The fund, hosted on Juicebox, has raised a total of 591 ETH (around $2.2 million) to support the developers in their legal battle.
Vitalik Buterin’s Support
- Buterin’s donation showcases his unwavering support for the developers facing legal challenges due to their involvement with Tornado Cash.
- The donation reflects Buterin’s advocacy for privacy-centric cryptocurrency tools and his belief in the importance of enhancing privacy in the crypto space.
- The fund’s significant contributions demonstrate the strong backing the developers have received from the crypto community.
Legal Battles and Privacy Concerns
- Pertsev, recently sentenced to 64 months in prison in the Netherlands, was found guilty of facilitating money laundering through Tornado Cash.
- Storm, facing similar charges in the U.S., has been detained and is awaiting trial in September.
- The use of Tornado Cash has raised concerns about privacy in the crypto ecosystem and the responsibility of developers for the use of their software.
The Crypto Community’s Response
- The U.S. Treasury’s sanctions on Tornado Cash in August 2022 sparked a debate on the regulation of privacy tools in the crypto space.
- The community has defended developers, arguing against treating them as criminals for creating software and pushing back on the crackdown on privacy tools.
- Advocacy groups and lawmakers have challenged regulatory attempts to expand the definition of money-transmitting businesses to include non-custodial crypto asset software services like Tornado Cash.
Hot Take: Upholding Privacy in the Crypto Space
As the legal battle surrounding Tornado Cash continues, the crypto community stands united in defending privacy tools and supporting developers against unjust crackdowns. Vitalik Buterin’s contribution to the legal defense fund reflects a broader commitment to enhancing privacy in the cryptocurrency space.
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