A wallet linked to Vitalik Buterin, co-founder of Ethereum, transferred 30 ether, worth $113,000, to Juicebox, an open-source cryptocurrency crowdfunding platform. Legal aid funds have been allocated to support Tornado Cash developers Alexey Pertsev and Roman Storm.
At the time of publishing this article, the fund has raised approximately 591 Ethereum (ETH) and will support the legal defense of Tornado Cash developers in their legal battle to prove their innocence.
Law enforcement crackdown on privacy tools
Cryptocurrency experts, including Buterin, have long advocated for the privacy of cryptocurrencies and their tools that help users manage their assets privately. Buterin himself has published a lot of research and suggestions on how to improve privacy on Ethereum, so his support on this issue comes as no surprise.
Tornado Cash is a cryptocurrency privacy tool that allows users to send cryptocurrency transactions anonymously. Despite their concern for privacy, criminals often use this tool to track hacked or stolen funds.
The nature of the tool has attracted the attention of law enforcement, prompting the US Treasury Department’s Office of Foreign Assets Control (OFAC) to impose sanctions on its use in August 2022.
The founders of Tornado Cash were arrested and charged with violating anti-money laundering rules. A Dutch court later sentenced Alexei Burtsev to five years in prison for money laundering.
As law enforcement agencies search for software developers, experts have warned it could have a huge impact on the cryptocurrency industry.
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The crypto community’s fight for freedom
Law enforcement’s crackdown on cryptocurrency privacy has deeply affected privacy-focused coins like Monero, which has been delisted from major exchanges around the world. Likewise, privacy tools have also faced criticism from regulators.
However, the cryptocurrency community believes that, despite opposing views on privacy, law enforcement arresting software developers simply for writing code and treating them on a legal basis Equality with terrorists is not justified.
The cryptocurrency community has long championed human rights. It is one of the most active communities demanding the release of Ross Ulbricht, the creator of the infamous Silk Road market.
Ulbricht is currently serving two consecutive life sentences without the possibility of parole for non-violent crimes.
The voice of the cryptocurrency community helped attract the attention of former President Donald Trump, who promised to pardon Ulbricht if elected president.
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