Vitalik Buterin sends ETH to support Tornado Cash developers.
This is a wallet connected to Vitalik Buterin, co-founder of Ethereum. Transferred 30 Ether (ETH) (approximately $112,000) to the crowdfunding platform Juicebox. help Legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm.
At the time of this writing, the fund have Accumulated more than 592 ETH, It is valued at over $2.2 million.
Buterin’s intervention is not surprising. Long-standing advocacy and numerous publications for stronger privacy protections In the cryptocurrency space.
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Tornado Cash is a crypto mixer built on Ethereum that allows users to make anonymous transactions. Despite legal use, Criminals have exploited this tool to launder stolen funds, which has led to investigations by law enforcement agencies.
In August 2022, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) Approved Tornado Cache; Because of this Founder and developer arrested for violating anti-money laundering regulations.
After this incident, Dutch authorities Alexey Pertsev was sentenced to five years in prison. Rome storm is expected US trial in September The third co-founder, Roman Semenov, remains.
The crackdown on privacy-focused encryption tools has sparked industry debate. A community that opposes the prosecution of developers like Pertsev who wrote privacy-preserving code. They argue that privacy tools are essential to the growth of the industry and that targeting developers undermines innovation and freedom.
This support for Pertsev highlights the crypto community’s commitment to protecting privacy and supporting those who create privacy-enhancing tools.
In related news, a recent confidential United Nations report found that a North Korean entity linked to the Lazarus Group used Tornado Cash to launder $147.5 million in stolen funds.
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