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Vitalik Buterin Donates $170K ETH for Tornado Cash Developers' Legal Defense
Vitalik Buterin, Ethereum co-founder, donated heavily to Tornado Cash creators Roman Storm and Alexey Pertsev's legal defense.
According to a December 31 Juicebox project post by “Free Pertsev and Storm,” Buterin paid 50 Ether (ETH), worth $170,000 at the time, to the fund to help engineers facing major legal issues.
Tornado Cash creators get 25% of $650,000 from JusticeDAO, a community-driven effort to support their legal fights.
Buterin had already contributed 100 ETH, worth $240,000, in October, showing his ongoing support for the devs despite fears about government overreach in crypto.
The Tornado Cash crew faced legal issues in 2022 when Dutch police detained Pertsev for money laundering for his bitcoin mixing business.
Storm and developer Roman Semenov were accused with money laundering, sanctions breaches, and fraud by U.S. prosecutors. Storm, freed on bond, will face trial on April 14, while Semenov remains at large.
Tornado Cash was added to OFAC's Specially Designated Nationals list in August 2022, prompting the allegations.
The mixer is accused of laundering over $7 billion in cryptocurrencies, including North Korean hacker funding.
Coin Center and Tornado Cash customers supported by Coinbase have sued the Treasury.
An appeal court decided in November that OFAC had “overstepped” by sanctioning immutable Tornado Cash smart contracts, but the criminal charges against Storm and Pertsev remain unaffected.
Buterin also urged Elon Musk to tone down his X conversations after a fiery argument over US foreign tech workers.
On Dec. 31, Buterin praised Musk's free speech but advised him to “turn down the temperature” on the platform.
Buterin's remarks followed Musk's expletive-filled tweet supporting H1B visa holders, which conservative users said hurts local U.S. workers.
After challenging Musk, several opponents claimed their accounts were withdrawn of premium privileges, claiming censorship.
#Vitalik #ElonMusk #Tornado
Vitalik Buterin, Ethereum co-founder, donated heavily to Tornado Cash creators Roman Storm and Alexey Pertsev's legal defense.
According to a December 31 Juicebox project post by “Free Pertsev and Storm,” Buterin paid 50 Ether (ETH), worth $170,000 at the time, to the fund to help engineers facing major legal issues.
Tornado Cash creators get 25% of $650,000 from JusticeDAO, a community-driven effort to support their legal fights.
Buterin had already contributed 100 ETH, worth $240,000, in October, showing his ongoing support for the devs despite fears about government overreach in crypto.
The Tornado Cash crew faced legal issues in 2022 when Dutch police detained Pertsev for money laundering for his bitcoin mixing business.
Storm and developer Roman Semenov were accused with money laundering, sanctions breaches, and fraud by U.S. prosecutors. Storm, freed on bond, will face trial on April 14, while Semenov remains at large.
Tornado Cash was added to OFAC's Specially Designated Nationals list in August 2022, prompting the allegations.
The mixer is accused of laundering over $7 billion in cryptocurrencies, including North Korean hacker funding.
Coin Center and Tornado Cash customers supported by Coinbase have sued the Treasury.
An appeal court decided in November that OFAC had “overstepped” by sanctioning immutable Tornado Cash smart contracts, but the criminal charges against Storm and Pertsev remain unaffected.
Buterin also urged Elon Musk to tone down his X conversations after a fiery argument over US foreign tech workers.
On Dec. 31, Buterin praised Musk's free speech but advised him to “turn down the temperature” on the platform.
Buterin's remarks followed Musk's expletive-filled tweet supporting H1B visa holders, which conservative users said hurts local U.S. workers.
After challenging Musk, several opponents claimed their accounts were withdrawn of premium privileges, claiming censorship.
#Vitalik #ElonMusk #Tornado
Feed-Creator-c8dce24bb:
We need to fuck this Vitalik
💵 Tornado Cash Defense Failed
🆓 U.S. District Judge Katherine Polk Failla of the Southern District of New York dismissed a motion by one of the developers of the crypto-mixer Tornado Cash, Roman Storm, and ruled in favor of the case proceeding.
✔️ Storm and his colleague, Roman Semenov, are accused by U.S. authorities of creating the crypto-mixer for criminal purposes and facilitating the laundering of more than $1 billion in illicit funds.
➡️ The defense argued that writing code should be protected under the First Amendment to the U.S. Constitution, just like free speech.
✔️ However, the judge stated that evading sanctions and money laundering are unrelated to that protection.
🗣 How Much Money Do You Need to Start Trading?
#TornadoCash #tornado
🆓 U.S. District Judge Katherine Polk Failla of the Southern District of New York dismissed a motion by one of the developers of the crypto-mixer Tornado Cash, Roman Storm, and ruled in favor of the case proceeding.
✔️ Storm and his colleague, Roman Semenov, are accused by U.S. authorities of creating the crypto-mixer for criminal purposes and facilitating the laundering of more than $1 billion in illicit funds.
➡️ The defense argued that writing code should be protected under the First Amendment to the U.S. Constitution, just like free speech.
✔️ However, the judge stated that evading sanctions and money laundering are unrelated to that protection.
🗣 How Much Money Do You Need to Start Trading?
#TornadoCash #tornado
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A hacker uses a clever trick to steal cryptocurrencies!!
Users of the Indian cryptocurrency exchange (WazirX) were hacked and funds were transferred using the Tornado Cash service. The Tornado Cash service allows cryptocurrency users to exchange tokens while hiding wallet addresses on various blockchains. Although the service itself is not suspicious, it is commonly used by crypto criminals to hide digital evidence.
According to data tracked by Arkham, the hacker transferred nearly $4 million in ether (ETH) via 16 transactions on the Ethereum network to the Tornado Cash router.
The stolen funds constitute more than 45% of the total reserves reported by the exchange in its June 2024 report.
Legal advisors for WazirX stated on Monday that customers are unlikely to recover their entire cryptocurrency funds, with the best-case scenario being a recovery of between 55% and 57% of the funds. #bitcoin #Binance #etherreum #hacker #tornado $BTC $ETH
Users of the Indian cryptocurrency exchange (WazirX) were hacked and funds were transferred using the Tornado Cash service. The Tornado Cash service allows cryptocurrency users to exchange tokens while hiding wallet addresses on various blockchains. Although the service itself is not suspicious, it is commonly used by crypto criminals to hide digital evidence.
According to data tracked by Arkham, the hacker transferred nearly $4 million in ether (ETH) via 16 transactions on the Ethereum network to the Tornado Cash router.
The stolen funds constitute more than 45% of the total reserves reported by the exchange in its June 2024 report.
Legal advisors for WazirX stated on Monday that customers are unlikely to recover their entire cryptocurrency funds, with the best-case scenario being a recovery of between 55% and 57% of the funds. #bitcoin #Binance #etherreum #hacker #tornado $BTC $ETH