CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Coin Rise 2025-01-01 09:20:23

Vitalik Buterin Donates 50 ETH to Tornado Cash Legal Defense Fund

Ethereum co-founder Vitalik Buterin has stepped up to support the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. In a December 31 update shared by the Juicebox project Free Pertsev and Storm, Buterin donated 50 ETH, valued at approximately $170,000, to aid the embattled developers. This generous contribution constitutes about 25% of the $650,000 raised through JusticeDAO to back their legal battle. Buterin Supports to Strengthen Legal Aid The case stems from allegations that the Tornado Cash mixing service facilitated illicit activities. Dutch authorities arrested Pertsev in 2022 , leading to a conviction for money laundering and a prison sentence of over five years. Pertsev plans to appeal the verdict. Similarly, U.S. prosecutors have charged Storm and Roman Semenov with money laundering, sanctions violations, and fraud tied to their roles in the project. Storm, who is currently out on bail, awaits his trial scheduled for April 14, while Semenov remains at large. The charges largely stem from the U.S. Treasury Department’s 2022 decision to add Tornado Cash to its Specially Designated Nationals list, citing its alleged use by hackers, including North Korean groups, to launder over $7 billion in cryptocurrency since 2019. Industry Criticism and Legal Challenges The sanctions and criminal charges have sparked widespread backlash from the crypto community, with many arguing they unfairly target developers of neutral technology. Buterin’s recent donation follows a previous contribution of 100 ETH (approximately $240,000) to the same cause in October, highlighting his continued commitment to defending the developers. Efforts to crowdfund support have faced challenges, such as GoFundMe’s shutdown of a similar campaign in February. Despite these obstacles, the crypto community has rallied behind the developers, emphasizing the importance of protecting innovation and ensuring due process. The U.S. Treasury faces ongoing lawsuits from advocacy group Coin Center and Tornado Cash users backed by Coinbase, arguing that sanctioning immutable smart contracts overreaches regulatory authority. While a November appellate court ruling found the Treasury had overstepped, it did not influence the criminal proceedings against Storm. The post Vitalik Buterin Donates 50 ETH to Tornado Cash Legal Defense Fund appeared first on TheCoinrise.com .

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.