Vitalik Buterin Donates 30 ETH to Tornado Cash Developers’ Legal Fund
Buterin's donation of 30 ETH, equivalent to approximately $111,000, aims to support their legal battles through the decentralized...
Ethereum co-founder Vitalik Buterin has made a significant contribution to the legal defense of Tornado Cash developers, Alexey Pertsev and Roman Storm.
Buterin’s donation of 30 ETH, equivalent to approximately $111,000, aims to support their legal battles through the decentralized fundraising platform Juicebox.
Support for Tornado Cash Creators
Buterin’s donation, initiated from his wallet address vital.eth, was sent to the “Free Alexey & Roman” legal fund on Juicebox at 1:58 a.m. EST. The fund, dedicated to providing legal assistance to the developers of Tornado Cash, has so far raised 591 ETH, amounting to about $2.2 million.
Legal Troubles of Tornado Cash
Tornado Cash, an Ethereum-based crypto mixer, has been under scrutiny for its alleged involvement in money laundering activities. Dutch authorities have convicted Alexey Pertsev, sentencing him to 64 months in prison for facilitating the laundering of $1.2 billion through the mixer between July 2019 and August 2022. Pertsev is currently appealing his conviction to the Hertogenbosch Court of Appeal in the Netherlands.
BREAKING: Vitalik Buterin Donates 30 ETH to Support Tornado Cash Developers
Ethereum co-founder Vitalik Buterin has donated 30 ETH, approximately $113,000, to Juicebox: Free Alexey & Roman at 13:58 UTC+8 today.
This fund has now raised a total of about 559.81 ETH to support…
— Kyle Chassé (@kyle_chasse) May 30, 2024
Roman Storm, another key developer of Tornado Cash, has also been entangled in legal issues. Arrested in the United States in 2023, Storm remains incarcerated with his trial scheduled for September.
Vitalik Buterin’s Philanthropic Efforts
Buterin’s support for the Tornado Cash developers is not an isolated incident. He has a history of using his wealth to support various causes. For instance, Buterin previously donated 10 ETH (approximately $30,980 at the time) to AssangeDAO, a legal fund on Juicebox created to aid WikiLeaks founder Julian Assange.
The Importance of Legal Defense Funds
The establishment of legal defense funds through platforms like Juicebox highlights the growing need for decentralized support systems in the crypto community. These funds provide crucial financial resources for individuals facing legal challenges related to their involvement in the cryptocurrency industry.
Conclusion
Vitalik Buterin’s substantial donation to the Tornado Cash legal fund underscores the ongoing legal battles faced by developers in the crypto space. As the fund continues to grow, it aims to ensure that Alexey Pertsev and Roman Storm receive the necessary legal support to defend themselves against serious allegations.
The case of Tornado Cash serves as a stark reminder of the complex legal landscape surrounding cryptocurrency and the vital role of community support in navigating these challenges.
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