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This Altcoin in Dire Straits Received a Second Donation from Ethereum!
In 2022, Tornado Cash was blacklisted by the US Department of the Treasury and its founders Alexey Pertsev and Roman Storm were arrested. While the legal battle of the founders of Tornado Cash, accused of money laundering, continues, support came from the Ethereum Foundation.
At this point, the Ethereum Foundation announced that it will donate $1.25 million to support the legal defense of Tornado Cash developer Alexey Pertsev. This donation once again showed that Pertsev is not alone in the legal battle and that the crypto community stands by Pertsev.
Ethereum co-founder Vitalik Buterin also expressed support for this donation, stating that "Privacy is normal and writing code is not a crime."
Vitalik Buterin had previously donated to Tornado Cash founders Alexey Pertsev and Roman Storm for their legal battles. According to data, the address belonging to Buterin had donated approximately 30 ETH worth of 113,000 dollars to vitalik.eth.
Crypto investment firm Paradigm announced in January that it donated $1.25 million to Roman Storm's defense.
One of the developers of Tornado Cash, Alexey Pertsev, was sentenced to 64 months in prison in the Netherlands on money laundering charges.