2024

when

Tornado Cash

Tornado

<h4><strong>This donation, worth around $240,000, marks the third time Buterin has contributed to Storm’s defense. </strong></h4> 
<p><a href="https://www.altcoinbuzz.io/?s=Tornado+Cash" target="_blank" rel="noopener">Tornado Cash</a> is a tool that helps people make anonymous cryptocurrency transactions, but its use has sparked legal trouble for its developers.</p> 
<h5><strong>Why Roman Storm Is in Trouble</strong></h5> 
<p>Roman Storm has been <a href="https://www.justice.gov/opa/pr/tornado-cash-founders-charged-money-laundering-and-sanctions-violations" target="_blank" rel="noopener">charged</a> with helping people use Tornado Cash for illegal activities, even though he argues that the tool is open-source software that anyone can use—not something controlled by its developers. Storm has pleaded not guilty, claiming he only wrote the code and shouldn’t be held responsible for how others use it.</p> 
<p>However, U.S. Judge Katherine Failla recently ruled that the case against Storm should move forward. She pointed out that the charges aren’t baseless and Storm’s argument of being unfairly prosecuted isn’t enough to dismiss the case. If found guilty, Storm could face up to 45 years in prison. The thought of such a long sentence has sent shockwaves through the crypto community. Many see this case as a wake-up call about the risks of creating open-source software, especially when it comes to privacy and financial tools like Tornado Cash.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Judge Failla’s ruling denying <a href="https://twitter.com/rstormsf?ref_src=twsrc%5Etfw">@rstormsf</a>‘s motion to dismiss the indictment is an assault on the freedom of software developers everywhere.</p> 
 <p>This will go down in history as a perversion of law and a travesty of justice.</p> 
 <p>And it will go down on appeal, if that’s what it takes.</p> 
 <p>— Jake Chervinsky (@jchervinsky) <a href="https://twitter.com/jchervinsky/status/1839412423096467753?ref_src=twsrc%5Etfw">September 26, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Storm isn’t alone in this fight. Many in the crypto world have rallied around him, showing their support both emotionally and financially. So far, his legal defense fund has received 148 different payments, totaling over 327 ETH, which is worth about $785,000 at current market prices.</p> 
<p>In addition to Buterin’s contributions, there’s also been a big push from JusticeDAO, a group formed to raise money for the Tornado Cash developers. The DAO (Decentralized Autonomous Organization) has <a href="https://cointelegraph.com/news/crypto-tornado-cash-legal-fund" target="_blank" rel="noopener">already raised</a> over 654 ETH, valued at around $1.5 million.</p> 
<h5><strong>Vitalik Buterin’s Support</strong></h5> 
<p>Vitalik Buterin’s continued support for Storm has been a huge boost for the developer and his legal team. After the latest donation, Storm expressed his deep gratitude to Buterin, saying, “I can’t describe how much it means to me. Thank you for your long-lasting support.” Buterin’s donations show that even in tough times, the crypto community sticks together. As the saying goes, “A friend in need is a friend indeed,” and Buterin has certainly lived up to that by standing by Storm throughout this legal battle.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">I cant describe how much it means to me. Thank you for your long lasting support <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2764.png" alt="❤" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64f.png" alt="🙏" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/DjqkO5u6WR">https://t.co/DjqkO5u6WR</a></p> 
 <p>— Roman S (@rstormsf) <a href="https://twitter.com/rstormsf/status/1842600977830219940?ref_src=twsrc%5Etfw">October 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Storm’s legal troubles are far from over, but with ongoing support from people like Buterin and groups like JusticeDAO, he’s not facing the fight alone. The outcome of this case could have huge implications for developers everywhere, especially those working on open-source projects. For now, Storm’s supporters are keeping their fingers crossed and hoping for the best.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/buterin-donates-100-eth-to-roman-storms-defens/">Buterin Donates 100 ETH to Roman Storm’s Defens</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Buterin Donates 100 ETH to Roman Storm’s Defens

Altcoin Buzz

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