Cryptocurrency

Satoshi

United

Tornado Cash

Tornado

<a href="https://bitcoinworld.co.in/gofundme-canceled-tornado-cash-legal-defense-crowdfunding/" title="GoFundMe Canceled Tornado Cash Legal Defense Crowdfunding" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">The crowdfunding for the Tornado Cash legal defense was canceled by GoFundMe, citing a breach of terms of service.&nbsp;</li>
 <li style="font-weight: 400">All contributions made to the fundraiser were returned to the respective donors.</li>
 <li style="font-weight: 400">Donors switch to crypto after GoFundMe cancels.</li>
</ul>
Recently, crowdfunding platform GoFundMe has abruptly terminated a <a href="https://twitter.com/rstormsf/status/1749490246000238942" rel="noopener noreferrer nofollow">fundraiser</a> to finance legal fees for Roman Storm and Alexey Pertsev, co-founders of the cryptocurrency mixer Tornado Cash.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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" rel="noopener noreferrer nofollow">https://t.co/dQ7SCBesIm</a> <a href="https://t.co/0jeievSUxc" rel="noopener noreferrer nofollow">pic.twitter.com/0jeievSUxc</a>
 — Roman S (@rstormsf) <a href="https://twitter.com/rstormsf/status/1749490246000238942?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The move comes after the fundraiser garnered substantial support but was deemed to violate GoFundMe’s terms of service.
<h3 id="span-style-font-weight-400-gofundme-fundraiser-cancellation-and-reaction-span">GoFundMe Fundraiser Cancellation And Reaction</h3>
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.”&nbsp;
This decision has sparked criticism and raised questions about the platform’s consistency in enforcing its policies, especially considering past campaigns of similar nature.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/sullivan-cromwell-to-become-binances-independent-monitor/" aria-label="“Sullivan &amp; Cromwell To Become Binance’s Independent Monitor” (Edit)" rel="noopener noreferrer nofollow">Sullivan &amp; Cromwell To Become Binance’s Independent Monitor</a>
Several donors, including notable figures like Ryan Adams of Bankless Ventures, found their contributions refunded due to the cancellation.&nbsp;
Adams, <a href="https://twitter.com/RyanSAdams/status/1758103761589801009" rel="noopener noreferrer nofollow">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.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The money we sent to <a href="https://twitter.com/rstormsf?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@rstormsf</a> was cancelled by <a href="https://twitter.com/gofundme?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@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" rel="noopener noreferrer nofollow">https://t.co/5Ud4ELiaK5</a> <a href="https://t.co/glRXwtXPBw" rel="noopener noreferrer nofollow">pic.twitter.com/glRXwtXPBw</a>
 — RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) <a href="https://twitter.com/RyanSAdams/status/1758103761589801009?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Despite the setback, Storm and Pertsev have not relented in pursuing financial support for their legal defense.&nbsp;
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.
<h3 id="span-style-font-weight-400-community-concerns-and-legal-standing-span">Community Concerns And Legal Standing</h3>
The decision by GoFundMe has triggered speculation and concern within the Tornado Cash community regarding the platform’s motives.&nbsp;
Critics question the consistency of GoFundMe’s actions, pointing to past campaigns with similar objectives that were allowed to proceed unhindered.
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.
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.&nbsp;
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;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/is-elizabeth-warren-shifting-her-stance-towards-cryptocurrency-as-she-celebrates-satoshi-nakamotos-legacy/" aria-label="“Is Elizabeth Warren Shifting Her Stance Towards Cryptocurrency As She Celebrates Satoshi Nakamoto’s Legacy” (Edit)" rel="noopener noreferrer nofollow">Is Elizabeth Warren Shifting Her Stance Towards Cryptocurrency As She Celebrates Satoshi Nakamoto’s Legacy</a>
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.
&nbsp;
#Binance #WRITE2EARN
&nbsp;
The post <a href="https://bitcoinworld.co.in/gofundme-canceled-tornado-cash-legal-defense-crowdfunding/" rel="noopener noreferrer nofollow">GoFundMe Canceled Tornado Cash Legal Defense Crowdfunding</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

GoFundMe Canceled Tornado Cash Legal Defense Crowdfunding

Table of Contents

ItsBitcoinWorld

Other articles published on Feb 16, 2024

Binance launches futures ultimate challenge with Tesla prizes

Telefónica and Chainlink Collaborate to Safeguard Against SIM Swap Attacks

Bitcoin surpasses $52,000 mark amidst institutional buying pressure

What Is Omnichain; Is It the Future of Decentralized Exchange?

VET Price Rallies 70% This Month; Will It Reach The 10 Cents Mark?

Could VeChain (VET) Price Reach $1? Insights from a Renowned Analyst!

Join our free newsletter for daily crypto updates!