• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Vitalik Buterin's Support for Tornado Cash Creator

user avatar

by Giorgi Kostiuk

a year ago


Vitalik Buterin has once again supported Tornado Cash creator Roman Storm by donating 100 Ether for his legal defense.

Vitalik Buterin's Donation

Ethereum co-founder Vitalik Buterin has donated 100 Ether, valued at approximately $240,000, to the legal defense fund for Tornado Cash developer Roman Storm. This marks the third donation from Buterin. According to the Defend Roman Storm page, over 327 ETH has been gathered from 148 different payments. Roman Storm expressed his gratitude for Buterin's support.

I can't describe how much it means to me. Thank you for your long-lasting support.

Roman Storm Case Continues

On September 26, 2024, U.S. Judge Katherine Failla denied Roman Storm's motion to dismiss, allowing the case to proceed. Storm pleaded not guilty, asserting Tornado Cash is open-source software available to anyone. If convicted, he faces up to 45 years in prison. In June 2024, JusticeDAO was formed to raise funds for his defense, collecting over 654 ETH.

Sanctions Can't Stop Tornado Cash

Despite OFAC sanctions and U.S. legal pressure, deposits into the Tornado Cash mixer reached around $1.9 billion in the first half of 2024, a 50% increase from the previous year. Sanctions are effective only if Tornado Cash users choose to route funds through OFAC-compliant centralized exchanges with KYC controls and target addresses.

Despite challenges, Tornado Cash continues to attract deposits, while Vitalik Buterin remains a prominent supporter.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Chartist Shows XRP Is Poised for Major Price Rally: Here's the Target

chest

XRP is at a decisive point for a bullish phase, targeting 585 as a key level.

user avatarLi Weicheng

Uber to Invest $2 Billion in Japan's Market Growth

chest

Uber Technologies Inc plans to invest over $2 billion in Japan over the next five years to enhance partnerships and market presence.

user avatarAisha Farooq

Bosun Tijani Clarifies Comments on Security Challenges

chest

Nigerian Minister Bosun Tijani clarifies his comments regarding the challenges faced by security agencies in tracking criminals using mobile phones.

user avatarTenzin Dorje

Analyst Predicts Bitcoin to Bottom at 50,000 Amid Ongoing Bear Market

chest

Market analyst PelinayPA predicts that Bitcoin will bottom around 50,000 in the ongoing bear market, suggesting a potential decline of 444% from current prices.

user avatarMohamed Farouk

Crypto Market Shows Modest Rebound Amid Bear Market Speculations

chest

The crypto market has experienced a slight price rebound, but analysts warn of a potential bear market.

user avatarBayarjavkhlan Ganbaatar

Ensuring Security and Efficiency on BNB Smart Chain

chest

BNB Smart Chain employs a validator system and Proof of Staked Authority (PoSA) consensus to maintain security and efficiency.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.