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The founder of Tornado Cash is facing a funding shortfall and is calling on the encryption community to donate to support his legal defense.
Roman Storm, the co-founder of Tornado Cash, is facing a funding shortfall and has launched a call within the encryption community and among privacy advocates, hoping to raise funds in the coming weeks to support his legal defense and fight for privacy tools.
Storm stated that due to the complexity of legal arguments, the hearing originally scheduled for July 14 may be extended by 3-4 weeks, resulting in a surge in related costs. He urgently needs to raise $500,000 in the coming days, and a total of $1.5 million within a few weeks to cover legal expenses.
His defense is not just for himself, but also to uphold the freedom of speech in code, protect software development, and resist government overreach that may threaten everyone. Because in this fight to defend our freedom, every contribution is crucial.
The background is that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on Tornado Cash in August 2022, accusing it of failing to effectively prevent malicious actors, including the North Korean Lazarus Group, from using the protocol for money laundering, with an amount involved reaching up to $455 million.
After being sanctioned, Storm and its developer Alexey Pertsev were detained one after another. Pertsev has been convicted of money laundering in the Netherlands and is currently appealing; meanwhile, Storm is facing multiple charges in the United States including conspiracy to launder money, violating sanctions, and operating a remittance business without a license. Although he has been released on bail, he could face a maximum of 45 years in prison if convicted, and his trial date has been postponed twice for various reasons.
The encryption community quickly responded to Storm's fundraising appeal. The Golem Foundation was the first to donate 50ETH (approximately $150,000), and Meta Cartel DAO generously contributed by donating all of its treasury funds. Previously, Paradigm had also been generous, donating over $1 million to support legal defense.
In addition, the DeFi Education Fund, along with several industry leaders, sent a letter to the White House stating that holding developers accountable for third-party use of their code would severely hinder technological innovation.
As of now, Storm's legal defense fund has raised $2.12 million, completing its
61% of the $3.5 million target for the legal defense fund. This shows that despite facing severe challenges, the power supporting privacy and open-source software is still gathering.
#TornadoCash # privacy rights litigation #行业众筹 # code freedom