2024

United

Tornado Cash

Tornado

<p>Recently, crowdfunding platform GoFundMe has abruptly terminated a fundraiser to finance legal fees for Roman Storm and Alexey Pertsev, co-founders of the cryptocurrency mixer <a href="https://www.cryptopolitan.com/tornado-cash-trial-a-landmark-case/">Tornado Cash</a>. The move comes after the fundraiser garnered substantial support but was deemed to violate GoFundMe’s terms of service.</p> 
<h2 class="wp-block-heading" id="gofundme-fundraiser-cancellation-and-reaction">GoFundMe fundraiser cancellation and reaction</h2> 
<p>The fundraiser, initiated by Storm to gather resources for their legal battle against U.S. authorities, was halted by GoFundMe on February 14, citing a breach of its terms of service, particularly “Term 22.” This decision has sparked criticism and raised questions about the platform’s consistency in enforcing its policies, especially considering past campaigns of similar nature.</p> 
<p>Several donors, including notable figures like Ryan Adams of Bankless Ventures, found their contributions refunded due to the cancellation. Adams, <a href="https://twitter.com/RyanSAdams/status/1758103761589801009" rel="nofollow noopener" target="_blank">expressing</a> his stance on the matter, emphasized the importance of an “uncensorable money system” and pledged to resend his $10,000 donation directly to Storm using cryptocurrencies.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The money we sent to <a href="https://twitter.com/rstormsf?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@rstormsf</a> was cancelled by <a href="https://twitter.com/gofundme?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@gofundme</a> – they shut it down.<br><br>I thought this might happen but am still surprised.<br><br>Good thing we have an uncensorable money system so we can still fund civil liberties like the right to a fair trial.<br><br>Resending $10k with crypto. <a href="https://t.co/5Ud4ELiaK5" rel="nofollow" target="_blank">https://t.co/5Ud4ELiaK5</a> <a href="https://t.co/glRXwtXPBw" rel="nofollow" target="_blank">pic.twitter.com/glRXwtXPBw</a></p>— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) <a href="https://twitter.com/RyanSAdams/status/1758103761589801009?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">February 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Despite the setback, Storm and Pertsev have not relented in pursuing financial support for their legal defense. They have turned to alternative platforms, notably JuiceBox, where they’ve managed to amass a significant sum, including 316.75 Ether, to aid in their legal battle.</p> 
<h2 class="wp-block-heading" id="community-concerns-and-legal-standing">Community concerns and legal standing</h2> 
<p>The decision by GoFundMe has triggered speculation and concern within the Tornado Cash community regarding the platform’s motives. Critics question the consistency of GoFundMe’s actions, pointing to past campaigns with similar objectives that were allowed to proceed unhindered.</p> 
<p>Storm and Pertsev, facing charges related to money laundering, sanctions violations, and operating an unlicensed money-transmitting business, maintain their innocence on all counts. Despite the legal challenges, Storm has been released on a $2 million bond but is subject to travel restrictions within specific regions of the United States.</p> 
<p>The abrupt cancellation of the GoFundMe fundraiser for Tornado Cash’s legal fees has stirred controversy and raised questions about the platform’s impartiality in enforcing its terms of service. While donors like Ryan Adams have pledged to continue their support using alternative means, Storm and Pertsev persevere in their legal battle, relying on the backing of the cryptocurrency community.&nbsp;</p> 
<p>As the case unfolds, the outcome remains uncertain, but the determination of those involved underscores the complexities at the intersection of cryptocurrency, legality, and fundraising platforms like GoFundMe.</p>

GoFundMe pulls plug on Tornado Cash legal fund

Table of Contents

Cryptopolitan_News

Other articles published on Feb 16, 2024

Ethereum Staking Value Reaches $110B as Price Hits Multi-year High

Bitcoin Price Predictions Surge as Anthony Scaramucci Doubles His Estimate

Launch of una Messenger: Revolutionizing Blockchain Interactions

LUNC: Core Developer Raises Accountability Concerns in Terra Classic Proposal

Date Announced for UniSwap v4 Upgrade: UNI Price Reacted!

Coinbase Exceeds Expectations as Q4 Revenue Hits $953.8M

Join our free newsletter for daily crypto updates!