Ethereum (ETH) Foundation and Keyring establish legal defense fund for Tornado Cash developer
JH Kim
Summary
- The Ethereum (ETH) Foundation and Keyring said they have established a legal defense fund to support the Tornado Cash developer.
- They reported that more than 22,000 dollars have been raised for the fund so far.
- The crypto industry said the indictment is stifling open-source development and the creativity of blockchain technology.
On the 10th (local time), according to crypto-focused media The Block, the Ethereum (ETH) Foundation and Keyring have set up a legal defense fund to support the Tornado Cash developer.
More than 22,000 dollars have reportedly been raised so far.
Tornado Cash developer Roman Storm was indicted in 2023 on charges of conspiracy to launder funds and violating sanctions, and the crypto asset industry has criticized the indictment as stifling open-source development and the creativity of blockchain technology.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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