Ethereum Foundation backs convicted Tornado Cash co-founder with $500K pledge
Main Idea
The Ethereum Foundation has pledged $500,000 to support the legal defense of Tornado Cash co-founder Roman Storm, who was convicted of conspiracy to violate US sanctions, amid ongoing legal battles and community support.
Key Points
1. The Ethereum Foundation pledged $500,000 to match donations for Roman Storm's legal defense, reinforcing its stance on privacy.
2. Roman Storm faces up to five years in prison and sought additional funds for his legal team, citing a 'critical shortfall' in resources.
3. A Manhattan jury found Storm guilty of conspiracy to violate US sanctions, though they were deadlocked on more serious charges.
4. Prosecutors argued Storm knowingly enabled Tornado Cash to be used by criminals, including North Korea’s Lazarus Group hackers.
5. Crypto advocate Jake Chervinsky criticized the verdict, calling it a 'sad day for DeFi' and urging the DOJ not to retry the deadlocked charges.
Description
Tornado Cash co-founder Roman Storm’s legal defence will receive another $500,000 in donations as the Ethereum Foundation has pledged to match community contributions after his recent conviction on one federal charge. According to the Ethereum Foundation, the organisation will match community donations up to the pledged amount to help fund Storm’s ongoing appeal. “Privacy is normal, and writing code is not a crime, ” Ethereum Foundation co-executive director Wei Wang wrote on X, reiterating the ...
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