CDS Crypto News Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign
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Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign

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Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign

Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign

As of this writing, a dedicated fund has amassed approximately 591 ETH to aid in the legal defense of Tornado Cash developers who are fighting to prove their innocence in court.

In a notable show of support, a wallet linked to Vitalik Buterin, the co-founder of Ethereum, contributed 30 Ether (valued at $113,000) to Juicebox, an open-source crypto crowdfunding platform. These funds are earmarked for the legal defense of Tornado developers Alexey Pertsev and Roman Storm.

Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign
Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign 1

Advocacy for Crypto Privacy Tools

Prominent figures in the crypto space, including Buterin, have long championed the importance of privacy tools that empower users to manage their digital assets discreetly. Buterin’s numerous publications on enhancing Ethereum’s privacy underscore his commitment to this cause, making his support unsurprising.

Tornado Cash, a tool enabling anonymous crypto transactions, has come under scrutiny due to its potential misuse by criminals to launder hacked or stolen funds. This scrutiny intensified when the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the tool in August 2022.

Following the sanctions, Tornado Cash founders faced serious charges of violating Anti-Money Laundering regulations. Alexey Pertsev was subsequently sentenced to five years in prison by a Dutch court on money laundering charges. Experts warn that targeting software developers could have significant repercussions for the broader crypto industry.

Crypto Community’s Fight for Freedom

The crackdown on crypto privacy tools has notably impacted privacy-focused coins like Monero, leading to their delisting from major exchanges. Despite regulatory pressures, the crypto community remains steadfast in its belief that prosecuting developers for writing code is unjust.

Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign
Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign 2

The community’s advocacy extends beyond Tornado Cash. It has fervently supported human rights, notably campaigning for the release of Ross Ulbricht, the creator of the Silk Road marketplace, who is serving two consecutive life sentences without parole for non-violent offenses. This movement has even caught the attention of former President Donald Trump, who pledged to pardon Ulbricht if re-elected.

Crypto Community Rallies Behind Tornado Cash Developers with Crowdfunding Campaign

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