Co-founder Vitalik Buterin recently donated another 100 ETH (worth approximately $240,000) to the Defend Tornado Cash developer Roman Storm.
According to the Defend Roman Storm crowdsourcing page, as of this writing, the developer's defense fund has received 148 different payments totaling over 327 #ETH , which is approximately $BTC I can't tell you how much this means to me. Thank you for all of your support over the years, the Tornado Cash developer told Buterin after receiving the donation.
Source: freepepper and Storm.
On September 26, 2024, U. S. Magistrate Judge Catherine Failla denied Storm's motion to dismiss the case and allowed it to proceed. Failla noted that the allegations against Storm were not baseless and that she cannot accept Mr. Storm's explanation that he is being prosecuted just for writing code.
Mr. Storm pleaded not guilty, claiming that Tornado Cache is open-source software that anyone can use and is not controlled by the developers of Tornado Cache.
If convicted of all three charges, Storm could face up to 45 years in prison. This event shocked the #cryptocurrency community and sparked support for software developers in trouble.
In June 2024, it was revealed that JusticeDAO was created to crowdsource the Tornado Cash Developer Protection Fund. The group has raised over 654 ETH and is valued at more than $1.5 million at current market prices.
Despite sanctions from the Office of Foreign Assets Control (OFAC) and legal pressure from U. S. authorities, deposits to Tornado Cash reached approximately $1.9 billion in the first half of 2024. This represents a 50% increase over the entire previous year.
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