Ethereum co-founder Vitalik Buterin donated to support Tornado Cash developers. Buterin donated 30 ETH, or approximately $113,000, to support the legal defenses of Alexey Pertsev and Roman Storm. Following this development, the price of Tornado Cash's native token, TORN, increased rapidly.
Support for Tornado Cash Developers from Vitalik Buterin!
According to Etherscan data, Buterin donated to the “Free Pertsev and Storm” defense fund on decentralized fundraising platform Juicebox on May 30. The fund had collected 591 ETH worth $2.2 million by press time. This donation from Buterin is not surprising, as the inventor of Ethereum is a strong advocate of crypto privacy tools and a regular user of such platforms.
Following this development, TORN price increased from $ 2.73 during the day to $ 3.17. Although it fell slightly later, it performed better compared to the calm market. At the time of writing, TORN was trading at $2.97, up 7.6% on a daily basis.
Legal Problems of Tornado Cash Developers
Last year, Tornado Cash privacy protocol developers Pertsev and Storm faced legal trouble over their association with the crypto mixer. Earlier this month, a Dutch court sentenced Pertsev to 64 months in prison for laundering approximately $1.2 billion through the Tornado Cash crypto mixer between July 2019 and August 2022. Pertsev appealed the decision to the s-Hertogenbosch Court of Appeal in the Netherlands. Similarly, Storm has been detained in the US since 2023 and his trial will be held in September.
Growing Support from the Crypto Community
Vitalik Buterin's donation has symbolic significance for Tornado Cash and its developers, as the move reflects the project's growing support within the crypto community. Last month, three blockchain advocacy groups filed amicus curiae briefs in defense of Storm and supported efforts to dismiss the charges.
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