Ethereum Co-Founder Demonstrates Commitment to Privacy in Crypto Sector
As a crypto enthusiast, you must appreciate the unwavering commitment shown by Ethereum co-founder Vitalik Buterin to privacy rights in the cryptocurrency sector. Buterin made a significant donation of 30 ETH, valued at approximately $113,000, to the legal defense fund of Tornado Cash developers Alexey Pertsev and Roman Storm. This generous act underlines the importance of their cause and Buterin’s dedication to upholding privacy rights within the crypto community.
Etherscan Data Confirms Donation
The donation made by Buterin to the “Free Pertsev and Storm” defense fund was confirmed through Etherscan data. It was processed on the decentralized fundraising platform Juicebox on May 30. The fund, which has amassed 591 ETH, roughly $2.2 million, as of the latest update, aims to provide legal support to the developers as they face ongoing legal challenges.
- Etherscan data confirmed Buterin’s 30 ETH donation to the defense fund on Juicebox
- The fund has accumulated 591 ETH, equivalent to $2.2 million, to support Pertsev and Storm
Alexey Pertsev was sentenced to 64 months in prison by a Dutch court for allegedly laundering $1.2 billion through Tornado Cash between July 2019 and August 2022. Pertsev has appealed this verdict, while Roman Storm is currently detained in the US with his trial scheduled for September. Buterin’s support comes at a crucial time for the developers as they navigate these legal challenges.
Educating on Privacy and Advocating for Crypto Rights
Buterin’s activism for privacy in the crypto space extends beyond his donation to the Tornado Cash developers. He has actively promoted the use of privacy-enhancing tools on Ethereum and published papers outlining strategies to improve privacy within the ecosystem. During a recent fireside chat, Buterin reiterated the importance of privacy in digital transactions and its value in the eyes of governments.
- Buterin has been a vocal advocate for privacy within the crypto space
- He has published papers and suggestions on enhancing privacy on Ethereum
- Buterin emphasizes the significance of privacy tools like Tornado Cash for digital transactions
“I’m supportive of people working on privacy things. I hope that things go in a good direction within the ecosystem. And you know, I also hope that governments see the value of this,” Buterin explained.
Buterin’s donation to the Tornado Cash developers not only highlights his commitment to privacy rights but also underscores the importance of advancing privacy tools in the digital realm. His unwavering support and advocacy pave the way for a future where privacy plays a pivotal role in securing digital transactions.
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