-AD-
-AD-
HomeNewsEthereum Co-Founder Donates 30 ETH for Tornado Cash Legal Defense

Ethereum Co-Founder Donates 30 ETH for Tornado Cash Legal Defense

- Advertisement -
  • Vitalik Buterin donates 30 ETH to support Tornado Cash developers’ legal defense.
  • The Dutch court rules Tornado Cash is primarily used for criminal activities.

Co-founder of Ethereum Vitalik Buterin gave 30 ETH, or around $113,000, to the Juicebox campaign “Free Alexey & Roman” at 13:58 UTC+8 today, according to crypto journalist Collin Wu.

Fundraising for Tornado Cash creators Alexey Pertsev and Roman Storm’s legal defense is the main goal of this campaign. The fund has so far amassed about 559.81 ETH, indicating that the community is clearly in favor of it.

Legal Challenges for Tornado Cash Developers 

Previously, ETHNews reported on a significant Tornado Cash ruling by a Dutch court. The court came to the conclusion that Tornado Cash was mostly utilized for illicit purposes.

As per the decision, one of the engineers, Alexey Pertsev, ought to have kept a tight eye on how the platform was being used in order to stop such things.

With this ruling, Pertsev and Roman Storm, his co-developer, are in a difficult legal position that will require significant legal defense work.

Community Support and the Importance of Legal Defense

Support from Vitalik Buterin and the larger Ethereum community emphasizes how crucial legal protection is to developers working on privacy-focused projects like Tornado Cash.

The matter has ignited a more general discussion on the duties of developers and the legal ramifications of developing technology that improves privacy.

Implications for the Crypto Community

The case’s outcome might have a big impact on the entire crypto ecosystem. It begs important concerns regarding the proper ratio of privacy to regulatory compliance.

The reaction of the community—which included large contributions to the legal fund—shows how much they want to preserve the anonymity and decentralization that are fundamental to blockchain technology.

Meanwhile, CoinMarketCap data shows that the current price of ETH is about $3,740.14. This is a drop of 2.70% for the last 24 hours. The last 7 days have also seen ETH exhibit a bearish trend, down 1.18%.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
RELATED ARTICLES

LATEST ARTICLES