Vitalik Buterin wallet contributes 30 ETH to Tornado Cash legal fund

    2024.05.30 | exchangesranking | 40onlookers

    A wallet associated with Vitalik Buterin, co-founder of Ethereum, transferred 30 Ether, valued at $113,000, to Juicebox, an open-source crypto crowdfunding platform. The funds were allocated for legal assistance to support Tornado Cash developers Alexey Pertsev and Roman Storm.

    At the time of this publication, the fund had raised about 591 Ether (ETH) and will support the legal defense of Tornado Cash developers in their court battle to prove their innocence.

    Alexey Pertsev and Roman Storm legal defense fund. Source: Juicebox-Free Alexey & Roman

    Law enforcement crackdown on privacy tools

    Crypto veterans, including Buterin, have long advocated for crypto privacy and tools that help users manage their assets privately. Buterin himself has published numerous papers and suggestions on how to enhance privacy on Ethereum and thus, his support for the cause doesn’t come as a surprise.

    Tornado Cash is a crypto privacy tool that allows users to send crypto transactions anonymously. Although focused on privacy, criminals often use the tool to proceed with hacked or stolen funds.

    The nature of the tool attracted the attention of law enforcement agencies, leading the United States Treasury’s Office of Foreign Assets Control (OFAC) to sanction its use in August 2022.

    Tornado Cash founders were arrested and charged with violating the Anti-Money Laundering rules. A Dutch court subsequently sentenced Alexey Pertsev to five years on money laundering charges.

    As law enforcement agencies seek software developers, experts have warned that this could have a far-reaching impact on the crypto industry.

    Related: Donald Trump says his campaign will accept crypto

    Crypto community's fight for freedom 

    The law enforcement crackdown on crypto privacy has deeply impacted privacy-focused coins such as Monero, which has been delisted from major exchanges worldwide. Similarly, privacy tools have also faced criticism from regulators.

    However, the crypto community believes that despite counter-views on privacy, law enforcement agencies arresting software developers for merely writing codes and treating them as equivalent to terrorists is not justified.

    Source: Erik Voorhees on X

    The crypto community has long advocated for human rights. It is one of the most proactive communities demanding the release of Ross Ulbricht, the creator behind the infamous Silk Road marketplace.

    Ulbricht is currently serving two consecutive life sentences without parole for non-violent crimes.

    The crypto community’s voice has helped the moment gain the attention of former President Donald Trump, who promised to pardon Ulbricht if elected president.

    Magazine: The $2,500 doco about FTX collapse on Amazon Prime… with help from mom

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