Ethereum said it will excel at $ 500,000 for the legal defense of the co -founder of the founder and monetary developer, Tornado Roman Storm, who faces charges related to the allegations that he conspired to run the encryption mixing service as an unlicensed money transmission device.
In a publication on Friday x, the Foundation said it would contribute $ 500,000 to defend Storm, in addition to matching an additional $ 750,000 of donations from the encryption community.
This announcement came almost a month ago, who is expected to be tried in New York in exchange for money laundering, conspiring to operate an unlicensed money transmission device, and conspiring to violate US sanctions.
The Foundation said: “Privacy is normal, and the writing law is not a crime.”
The criminal trial of Storm comes as the American authorities seem to have turned their approach to regulating digital assets and tried related crimes.
Tornado Cash’s lawyer asked the case to drop the case in December after a judge stipulated that the US Treasury Assets Control Office exceeded his power sanctions on smart mixer contracts. As of Friday, the trial is expected to start on July 14.
“In 31 days, I am facing a trial,” said Storm on one of Fridays X. “
Related to: The developer accuses the Ethereum Foundation to undermine Devs and create “secret” teams
Roman Siminov, another Tornado’s criticism developer in the same indigestion, was still at the time of publication. Reports indicate that it may hide in Russia.
Alexei Persif, the third individual connected to Tornado Cash, was arrested in the Netherlands in 2022 shortly after the addresses that were punished with the United States associated with the mixing protocol. In May 2024, he was convicted of money laundering and was sentenced to more than five years in prison.
ETHEREUM has pledged 1.25 million dollars to the Pertsev Defense Fund, noting the same reasons related to privacy and symbol.
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Supporting the storm from groups to defend digital assets
The storm cases and other cases of monetary developers have been required from the invitation organizations and important numbers in the encryption industry, which calls for dropping fees.
Lawyers of the Metal Currency Center, the Defi Education Fund, and the Blockchain Association provided all Amicus summaries in the Storm case, where they provided information about possible repercussions if convicted. The founder of ETHEREUM Vittalic Burin and the founder of Matt Huang also contributed to the legal funds of the founders participating in Tornado Cash.
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