Ethereum Foundation backs Tornado Cash developer with $1.25 million legal aid

Share This Post

The Ethereum Foundation has stepped in to support Alexey Pertsev, a developer behind Tornado Cash, by donating $1.25 million toward his legal defense.

Announcing the donation on Feb. 26, the Foundation emphasized the importance of privacy and the rights of developers, saying:

“Privacy is normal, and writing code is not a crime.”

Pertsev expressed his gratitude for the contribution, stating that the funds would allow him to focus on his appeal fully. He wrote:

“Thank you Ethereum Foundation for making a huge donation to my legal defense for the case in the Netherlands. I’m very grateful that I can now completely focus on preparing my appeal.”

Meanwhile, the donation has sparked a wave of support across the crypto industry. Ethereum co-founder Vitalik Buterin and other key figures have stressed the significance of protecting developers from legal consequences simply for writing open-source code.

Privacy-focused crypto exchange 0x0 reinforced this stance, stating:

“Privacy is a fundamental right, and developers shouldn’t be punished for writing open-source code. This is a crucial moment for the future of crypto privacy.”

Pertsev’s legal battle

Pertsev’s legal battle began in 2022 following US sanctions against crypto mixer Tornado Cash, a platform he co-founded alongside Roman Semenov and Roman Storm.

Dutch authorities arrested Pertsev on allegations that he facilitated money laundering by failing to prevent illicit transactions. In May 2024, a Dutch court ruled that his involvement in Tornado Cash contributed to criminal financial activity, sentencing him to five years in prison.

Earlier this month, Pertsev was temporarily released from detention, and he highlighted the financial burden of his case and efforts to appeal the ruling. He said:

“Freedom is priceless, but my freedom cost a lot of money. My house arrest was only possible thanks to the work of lawyers, who were paid from your donations.”

Meanwhile, his co-founders are also facing legal scrutiny in the United States. However, in a recent development, a US court overturned Treasury sanctions on Tornado Cash, ruling that targeting immutable smart contracts exceeded regulatory authority.

The post Ethereum Foundation backs Tornado Cash developer with $1.25 million legal aid appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Trump Announces 25% Tariffs on EU Imports, Bitcoin Slides Under $84K

President Donald Trump announced 25% tariffs on European Union auto imports, pharmaceuticals, and semiconductor chips, citing a $350 billion trade deficit and vowing to address “unfair”

Third-Party Audits Clear Bybit in Safe Wallet Breach by Lazarus Group

Bybit stated its infrastructure was unaffected in the $14 billion security incident involving compromised developer machine credentials at Safe Wallet, which enabled unauthorized transactions Bybit

Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent?

Avalanche (AVAX) is currently at a critical point, with its price alarmingly close to the $20 mark This perilous situation arises in the middle of a widespread market decline, which has prompted a

Bitcoin price dip sees short-term holders exiting with $1.7 billion in realized losses

On Feb 25, Bitcoin’s price tumbled to a three-month low, falling below $90,000 as short-term holders offloaded their holdings amid bearish market sentiment CryptoQuant’s data indicates that

Meme Coin Platform Pump.fun’s X Account Compromised, Prompts Scam Token Warnings

Pumpfun, a Solana-based meme coin platform, experienced a suspected compromise of its official X account, @pumpdotfun, after user reports of scam token promotions linked to the breach emerged Pumpfun

Bitcoin Blunder? Peter Schiff Blasts Strategy Over Stock Drop

A known economist once again criticized the debt-fueled Bitcoin acquisition strategy of Michael Saylor’s Strategy Inc despite the company’s decreasing share price Leading economist Peter Schiff