Ethereum supports Tornado Cash Dev for $ 500,000
On June 13, Ethereum announced that it would donate $ 500,000 to the legal defense of the storm. The storm is the Creator of Tornado Cash.
Ethereum also pledged to match up to 750,000 dollars in community donations, which actually doubles contributions to the defense fund.
The support comes at a time when the storm faces accusations in the United States related to violations of alleged money laundering, a case that has sparked a discussion about the developer’s responsibility for the open source code.
Ethereum Tornado Cash Creator supports
In the storm defense, the institution Note That “privacy is normal” and emphasized that “the writing law is not a crime.” The 750,000 dollar collection group aims to amplify popular donations, which is likely to reach a total support to two million dollars.
The founder of Hurricane Romanian storm is asked urgently Donations To help pay the price of his legal defense. It can be sent soon to prison for years. The storm, who created the encryption service for private transactions, says it needs another two million dollars. He has already spent millions fighting the case for the past two years.
Tornado Cash is an ETHEREUM privacy tool that allows users to hide the history of their transactions, such as the “mixer” for the encrypted currency. The Roman storm is being tried in the United States for a money laundering fee, although it claims that it only built the program, not controlling it.
While it is mainly designed for legitimate privacy, infiltrators and criminals also offended this. This includes the Lazaros group in North Korea. The North Korean infiltrator stole hundreds of millions in the cryptocurrency (such as the penetration of the Ronin Bridge in 2022).
Use Tornado Cash to “wash” stolen money, making them more difficult to track it. Because Tornado Cash is not central, the authorities have not been able to easily close them.
In 2022, the United States approved the encryption mixer, saying it helped criminals to evade sanctions. The developers, including the Roman storm, were accused of laundering money, although they did not directly help the infiltrators.
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