Ethereum
Vitalik Buterin donates 30 Ethereum (ETH) to Tornado Cash developer legal fund: on-chain data
Ethereum (ETH), co-founder Vitalik Buterin just donated a substantial sum to support the legal battle of Tornado Cash developers Alexey Pertsev and Roman Storm.
Ethereum blockchain explorer data Etherscan shows that Buterin transferred 30 ETH worth $113,678 to the legal fund “Free Alexey & Roman” on May 30.
Tornado Cash is an Ethereum-based coin mixing service that facilitates anonymous crypto transactions. In 2022, the United States imposed a sanction on the platform, claiming it is used to launder illicit funds and poses a threat to national security.
The developers of Tornado Cash were subsequently charged. Earlier this month, a district court in the Netherlands sentenced Pertsev to 64 months in prison for laundering billions of dollars in crypto.
U.S. authorities also arrested Storm last year. The Justice Department charged him and fellow developer Roman Semenov with allegedly helping the North Korean hacking group Lazarus launder the proceeds of its criminal activities.
In January, Storm asked donations to help fund his legal defense, and in a video posted to social media platform X, he said the outcome of his trial would have significant implications for the future of digital assets.
Decentralized fundraising platform Juicebox’s legal fund has so far raised 597.07 ETH worth $2.25 million. THE initiative says Roman and Alexey’s legal fees range between $90,000 and $100,000 per month.
“Roman and Alex need your help to build a strong defense, not only for themselves, but for crypto users and developers around the world. In response to the arrests, a group of supporters came together to form WeWantJusticeDAO to advocate on their behalf and help raise funds for their legal defense. However, time and money are running out and we need your support.
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Featured image: Shutterstock/issaro prakalung