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Home»EXCHANGE NEWS»The Etther Leeum Foundation supports the Tornado Cash Dev for $ 500K.
EXCHANGE NEWS

The Etther Leeum Foundation supports the Tornado Cash Dev for $ 500K.

By Crypto FlexsJune 14, 20252 Mins Read
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The Etther Leeum Foundation supports the Tornado Cash Dev for $ 500K.
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On June 13, the Ether Leeum Foundation announced that it would donate $ 500,000 to Roman Storm’s legal defense. The storm is a producer of Tornado cash.

The Ethereum Foundation also matched up to $ 750,000 with community donations, doubling his donations to his defense funds.

Assistance arises as the US storms are faced with allegations of violations of funds because of the charges, which caused a debate over developer responsibilities for open source code.

The Ether Leeum Foundation supports Tornado cash producers.

In Storm’s defense, the Foundation said, “Privacy is normal.” A match of $ 750,000 aims to amplify the grassroots donation and bring total support for $ 2 million.

Tornado Roman Storm is urgently required to donate to pay his legal defense costs. He could soon be sent to prison for years. STORM, which created encryption mixing services for private transactions, says it requires more than $ 2 million. He has already spent millions of incidents over the past two years.

Tornado Cash is an Ethereum personal information protection tool, and users can hide their transaction records, such as a “mixer” for cryptocurrency. Roman storms are being tried for money laundering in the United States, but he claims that he has built only software but did not control it.

It was mainly designed for legitimate privacy, but hackers and criminals also abused them. This includes a group of screws in North Korea. North Korean hackers stole hundreds of millions of dollars in cryptocurrency (like Ronin Bridge Hack in 2022).

They have become more difficult to track using tornado cash to “launder” the stolen funds. The tornado cash was distributed, so the authorities could not be easily closed.

In 2022, the United States said that it helped criminals avoid sanctions by sanctioning a creepto mixer. Developers, including Roman storms, were charged with money laundering despite not helping hackers.

Also read: SEC and RIPPLE in a joint request for the court to approve the $ 50 million agreement.

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