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Ethereum Foundation Donates $500,000 To Tornado Cash Co-Founder’s Legal Defense
- The Ethereum Foundation has pledged a $500,000 donation for the legal defense of Tornado Cash co-founder Roman Storm facing multiple charges related to operating a crypto mixer.
- The foundation also plans to match up to an additional $750,000 in donations from the crypto community for Storm's defense.
- Storm is set to stand trial in New York facing charges including conspiracy to commit money laundering, conspiracy to violate US sanctions, and conspiracy to operate an unlicensed money-transmitting business.
- If found guilty, Storm could face up to 45 years in prison.
- The Ethereum Foundation emphasized that 'privacy is normal, and writing code is not a crime' in a statement regarding its support for Storm.
- Storm has been trying to have the charges dismissed, but the trial is scheduled to commence on July 14.
- The Tornado Cash co-founder aims to raise about $2 million for his legal defense.
- Storm reached out to the crypto community on social media, expressing the weight of the legal battle and its potential impact on decentralized finance.
- He highlighted the importance of privacy and the right to code in his message.
- Storm thanked the Ethereum Foundation for its donation, emphasizing the significance of standing up for privacy and coding rights in his legal defense.
- The crypto community is rallying support for Storm amidst the upcoming trial.
- Storm's arrest in 2023 has sparked discussions around privacy in the crypto space.
- Despite prosecutors intending to drop one charge, Storm maintains his innocence.
- The trial outcome could have implications for decentralized finance.
- Storm's plea for support underscored the broader significance of the case and its potential impact on the community.
- The $500,000 donation from the Ethereum Foundation is a significant step towards Storm's legal defense fund.
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