United

Tornado Cash

Tornado

American crowdfunding platform GoFundMe canceled a fundraiser dedicated to collecting legal fees for the co-founder of controversial cryptocurrency mixer Tornado Cash, Roman Storm, and its developer, Alexey Pertsev.&nbsp;
On Jan. 22, Storm released a video asking community members to fund the legal fees for its court battle against the United States authorities for allegedly <a href="https://cointelegraph.com/news/tornado-cash-cofounder-pleads-not-guilty">facilitating the bypass of U.S. sanctions</a>.
<blockquote class="twitter-tweet">
 2024 is the year that will define the rest of my life. Honestly, I’m scared. But also hopeful that this community cares with a passion. Please donate towards my legal defense.<a href="https://t.co/dQ7SCBesIm">https://t.co/dQ7SCBesIm</a> <a href="https://t.co/0jeievSUxc">pic.twitter.com/0jeievSUxc</a>— Roman S (@rstormsf) <a href="https://twitter.com/rstormsf/status/1749490246000238942?ref_src=twsrc%5Etfw">January 22, 2024</a>
</blockquote> 
While the Tornado Cash duo started receiving funds from supporters, on Feb. 14, GoFundMe canceled the fundraiser, citing the breach of their <a href="https://www.gofundme.com/c/terms" target="_blank" rel="noopener nofollow">terms</a> of service, specifically Term 22. It implies that the Tornado Cash fundraiser for collecting legal fees could “expose GoFundMe, its employees or Users to any harm or liability of any type.”
<blockquote class="twitter-tweet">
 The money we sent to <a href="https://twitter.com/rstormsf?ref_src=twsrc%5Etfw">@rstormsf</a> was cancelled by <a href="https://twitter.com/gofundme?ref_src=twsrc%5Etfw">@gofundme</a> - they shut it down. I thought this might happen but am still surprised. Good thing we have an uncensorable money system so we can still fund civil liberties like the right to a fair trial. Resending $10k with crypto. <a href="https://t.co/5Ud4ELiaK5">https://t.co/5Ud4ELiaK5</a> <a href="https://t.co/glRXwtXPBw">pic.twitter.com/glRXwtXPBw</a>— RYAN SΞAN ADAMS - rsa.eth (@RyanSAdams) <a href="https://twitter.com/RyanSAdams/status/1758103761589801009?ref_src=twsrc%5Etfw">February 15, 2024</a>
</blockquote> 
 Many donors, including Ryan Adams of Bankless Ventures, saw their donations being returned as the GoFundMe fundraiser was canceled. He said:
<blockquote>
 “Good thing we have an uncensorable money system so we can still fund civil liberties like the right to a fair trial.”
</blockquote>
He pledged to send his original contribution of $10,000 back to Storm using cryptocurrencies. GoFundMe confirmed that the funds will arrive in the donor’s bank accounts in three to seven business days.
Related:&nbsp;<a href="https://cointelegraph.com/news/tornado-cash-strong-defense-trial">Tornado Cash co-founder promises ‘strong defense’ at US criminal trial</a>
While live, Tornado Cash’s GoFundMe had collected&nbsp;$30,000 in donations. Storm and Pertsev aim to collect $1.5 million to fund legal fees in the United States. The duo currently relies on the crypto funding platform JuiceBox, where 316.75 Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) has been collected.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-02/e974f6a4-ce1f-4694-9ecd-45813f5310de.png" alt="" title="">
 <figcaption style="text-align: center;">
 Legal defense fund support for Alexey Pertsev and Roman Storm. Source: JuiceBox
 </figcaption>
</figure>
However, the Tornado Cash community questions GoFundMe’s intent to cancel the fundraisers, as the platform allowed similar campaigns to be conducted in the past.
Storm and Semenov have been charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money-transmitting business. However, they maintain&nbsp;a not-guilty stance on all charges related to money laundering and violations of U.S. sanctions.&nbsp;Storm is&nbsp;<a href="https://cointelegraph.com/news/tornado-cash-arrested-tornado-cash-developer-released-on-bail">out of jail on a $2 million bond</a> and restricted from traveling outside certain regions of New York, New Jersey, Washington and California.
Magazine: <a href="https://cointelegraph.com/magazine/top-ai-tools-2024-based-ai-bots-weird-dei-image-guardrails-ai-eye/">Top AI tools of 2023, weird DEI image guardrails, ‘based’ AI bots: AI Eye</a>

GoFundMe shuts down Tornado Cash legal defense crowdfunding

Cointelegraph

Other articles published on Feb 16, 2024

Scotty AI token’s presale raises over $400k, hinting at 10x

As Monero (XMR) and Internet Computer (ICP) Navigate Market Volatility, Borroe Finance Attracts A...

Blockchain Technology is The Path to Data Integrity for AI

VET Token Price Has Jumped Over 20%; Here’s What’s Cooking

U.S. Banks Urge SEC for Crypto Accounting Rule Changes

Livepeer to Surge +650% After Breaking 17-Month Resistance: Why You Should Be Bullish on LPT Over...

Join our free newsletter for daily crypto updates!