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Ethereum

Ethereum Foundation Donates $500,000 To Tornado Cash Co-Founder’s Legal Defense

Opeyemi Sule
by Opeyemi Sule
3 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ethereum Foundation (EF) has announced that it will be contributing $500,000 to the legal defense of Tornado Cash co-founder and developer Roman Storm. Storm faces three charges in the upcoming trial related to operating a crypto mixer in the United States.

‘Privacy Is Normal, And Writing Code Is Not A Crime’ – EF

In a June 13 post on the X platform, the Ethereum Foundation disclosed that it would donate $500,000 to Storm’s defense in the upcoming court trial. In addition to the significant contribution, the foundation intends to match up to an extra $750,000 in donations from the crypto community.

Related Reading: Bitcoin War: Michael Saylor Dares JPMorgan And Warren Buffett To Bring It On

This Ethereum Foundation’s announcement comes about a month before the beginning of the trial, which would see Storm battle charges including conspiracy to commit money laundering, conspiracy to violate  US sanctions, and conspiracy to operate an unlicensed money-transmitting business. If found guilty of all these charges, the crypto mixer co-founder faces a prison sentence of up to 45 years.

While Storm’s legal defense team has tried to get these charges dismissed in court, his trial is set to begin in New York on Monday, July 14. For his defense, the Tornado Cash developer is looking to raise about $2 million.

The Ethereum Foundation wrote in the post on X:

Privacy is normal, and writing code is not a crime.

This statement touches on what has been a major talking point — privacy concerns — in the crypto community since Storm’s arrest in 2023 and other similar cases (the arrest of Telegram’s co-founder, Pavel Durov, in 2024). While the US prosecutors have declared intentions to drop the charge of operating an unlicensed money transmitting business, Storm has maintained his innocence throughout this legal battle.

Tornado Cash Co-Founder Speaks Out On Social Media

Earlier on Friday, Storm took to the social media platform X to appeal for the support of the crypto community, saying that the US judicial system is “trying to crush” him. 

The crypto co-founder said: 

If I lose, DeFi dies with me. The dream of financial freedom, the code I believed in—it all fades into darkness. I’m fighting, but the weight is unbearable. This isn’t just my end; it’s ours.

Storm also posted an appreciation message on X to the Ethereum Foundation for its $500,000 donation to his legal defense. “Your support means the world to me, especially standing up for privacy and the right to code. I’m so grateful to everyone chipping in—your generosity is truly inspiring! Thanks from the bottom of my heart,” the co-founder concluded.

Related Reading: Cardano Dev Firm Fast-Tracks Starstream Rollout: Why It Matters

Ethereum

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from Getty Images, chart from TradingView
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Opeyemi Sule

Opeyemi Sule

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Opeyemi Sule is a passionate crypto enthusiast, a proficient content writer, and a journalist at Bitcoinist. Opeyemi creates unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi enjoys reading poetry, chatting about politics, and listening to music, in addition to his strong interest in cryptocurrency.

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