CryptoMediaClub
Friday, June 5, 2026
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Ethereum Foundation Stakes $1.25M War Chest to Shield Tornado Cash’s Roman Storm

14.06.2025
A A
0
125
VIEWS
ShareShare

The Ethereum Foundation has pledged $500,000 to support the legal defense of Tornado Cash co-founder Roman Storm, who faces federal charges in the United States.

In addition to the direct donation, the foundation said it will match up to $750,000 in community contributions.

Ethereum Foundation Steps in to Support Roman Storm as Tornado Cash Trial Looms

Storm is set to stand trial on July 14, 2025, in Manhattan federal court. He is charged with conspiracy to operate an unlicensed money transmitter, conspiracy to launder money, and conspiracy to violate U.S. sanctions.

The Ethereum Foundation described its donation as a stand for privacy and open-source development.

“Privacy is normal, and writing code is not a crime,” it wrote in a statement posted Friday on X.

The EF is donating $500K to the legal defense of Roman Storm, and we will match up to a further $750K in donations from the community.
Privacy is normal, and writing code is not a crime.

— Ethereum Foundation (@ethereumfndn) June 13, 2025

Storm was indicted in August 2023 for his role in building and maintaining Tornado Cash, a crypto mixer accused of facilitating the laundering of over $1 billion in illicit funds.

The service allegedly allowed users to obscure the source and destination of transactions, an activity that U.S. authorities say was exploited by hackers and criminal networks to move stolen assets.

Storm’s trial comes as prosecutors and regulators increase scrutiny of crypto tools tied to privacy and decentralization. His defense has argued that the case threatens the foundation of decentralized finance (DeFi) by criminalizing open-source development.

“In 31 days, I face trial,” Storm said in a Friday post on X. “The DOJ wants to bury DeFi, saying I should’ve controlled it, added KYC, never built it. SDNY is trying to crush me, blocking every expert witness. If I lose, DeFi dies with me.”

His co-founder, Roman Semenov, was also charged in the case but remains at large, reportedly in Russia.

A third developer, Alexey Pertsev, was convicted of money laundering by a Dutch court in May and sentenced to more than five years in prison. He is currently under electronic monitoring as his appeal progresses.

Tornado Cash was sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) in 2022. The agency claimed the tool had facilitated over $7 billion in illicit transactions since 2019 and failed to adopt safeguards against criminal misuse.

Storm’s legal team previously sought to dismiss the charges, arguing that OFAC overstepped its authority by sanctioning the mixer’s smart contracts.

That motion followed a separate ruling in a related case that questioned the agency’s reach over decentralized code.

With the trial approaching, the Ethereum Foundation’s contribution marks one of the most high-profile shows of support yet for Storm and raises broader questions about how far developers should be held responsible for permissionless code.

Vitalik Buterin Donates $170K to Support Tornado Cash Developers Early This Year

Ethereum co-founder Vitalik Buterin donated 50 ETH, worth around $170,000 in January 2025, to support the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev.

🎁 @VitalikButerin has stepped forward with a substantial donation to support the legal defense of Tornado Cash developers.#Buterin #ETHhttps://t.co/b6gbH3KxZw

— Cryptonews.com (@cryptonews) January 1, 2025

The contribution was confirmed through the Juicebox project “Free Pertsev and Storm,” which has so far raised over $650,000 through JusticeDAO, a decentralized fund backed by the crypto community.

Buterin’s support follows mounting legal pressure on the developers. In May, the U.S. Department of Justice confirmed it would proceed with federal charges against Storm, including allegations of money laundering and sanctions violations.

⚖ DOJ pursues federal charges against Roman Storm, cofounder of Tornado Cash, after dropping unlicensed money transmission charge.#TornadoCash #RomanStorm https://t.co/ZGXe7IGREZ

— Cryptonews.com (@cryptonews) May 16, 2025

The charge relating to operating an unlicensed money-transmitting business was later dropped. The legal campaign against Storm has also sparked backlash across the crypto space.

In April, the DeFi Education Fund urged the Trump administration to step in, calling the DOJ’s actions a “lawless prosecution” of open-source software developers.

The petition has since gained momentum, with signatures from key industry figures including Coinbase’s Fred Ehrsam, Paradigm’s Matt Huang, and Ethereum core developer Tim Beiko.

The post Ethereum Foundation Stakes $1.25M War Chest to Shield Tornado Cash’s Roman Storm appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

XRP News Today: Ripple-Backed Firm Claims Real Banks Are Already Using XRP Daily
All news

XRP News Today: Ripple-Backed Firm Claims Real Banks Are Already Using XRP Daily

05.06.2026
0

Evernorth, an XRP-focused treasury company backed by Ripple, Kraken, Pantera Capital, and SBI Holdings, is telling institutional investors that real...

Read moreDetails
Sam Altman ChatGPT AI Predicts Wild Bitcoin Price by End of 2026

Sam Altman ChatGPT AI Predicts Wild Bitcoin Price by End of 2026

04.06.2026
Bitcoin News: BTC USD Just Hit Its Lowest Level Since February

Bitcoin News: BTC USD Just Hit Its Lowest Level Since February

04.06.2026
Ripple XRP Just Crashed to a Multi-Month Low on Its 14th Birthday

Ripple XRP Just Crashed to a Multi-Month Low on Its 14th Birthday

04.06.2026
Confused by the Bitcoin Price Dip? Here’s Why Beginners Are Looking at Bitcoin Hyper $32.8M Presale

Confused by the Bitcoin Price Dip? Here’s Why Beginners Are Looking at Bitcoin Hyper $32.8M Presale

04.06.2026
Load More
Next Post
Charles Hoskinson Eyes $100M Treasury Shift – Will Stablecoins Rescue Cardano’s TVL?

Charles Hoskinson Eyes $100M Treasury Shift – Will Stablecoins Rescue Cardano’s TVL?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Canada’s EQ Bank Partners with Trulioo for Biometric Identity Verification + More Crypto News

Canada’s EQ Bank Partners with Trulioo for Biometric Identity Verification + More Crypto News

2 years ago
THORChain Streaming Swaps and Lending Driving RUNE to Defy Battered Crypto Market

THORChain Streaming Swaps and Lending Driving RUNE to Defy Battered Crypto Market

3 years ago

Stablecoin Race: DAI Surpasses BUSD Amid Binance-SEC Regulatory Row

3 years ago
XRP Fuels Passive Income Opportunities: Quid Miner Turns Your Smartphone into an Engine for BTC, XRP, and DOGE

XRP Fuels Passive Income Opportunities: Quid Miner Turns Your Smartphone into an Engine for BTC, XRP, and DOGE

10 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin News: BTC USD Just Hit Its Lowest Level Since February

Bitcoin’s $63k slide shows ETF demand fighting AI equities for dollar liquidity

Ripple XRP Just Crashed to a Multi-Month Low on Its 14th Birthday

Confused by the Bitcoin Price Dip? Here’s Why Beginners Are Looking at Bitcoin Hyper $32.8M Presale

Cardano founder Charles Hoskinson takes “a break” – exposing who really controls ADA’s next move

Hyperliquid Is Outperforming Solana on Price, But Can a Perps DEX Actually Flip a $38 Billion Network?

Trending

XRP News Today: Ripple-Backed Firm Claims Real Banks Are Already Using XRP Daily
All news

XRP News Today: Ripple-Backed Firm Claims Real Banks Are Already Using XRP Daily

05.06.2026
0

Evernorth, an XRP-focused treasury company backed by Ripple, Kraken, Pantera Capital, and SBI Holdings, is telling institutional...

Sam Altman ChatGPT AI Predicts Wild Bitcoin Price by End of 2026

Sam Altman ChatGPT AI Predicts Wild Bitcoin Price by End of 2026

04.06.2026
Bitcoin’s selloff is creating the short-heavy setup that could reverse it fast

Bitcoin’s selloff is creating the short-heavy setup that could reverse it fast

04.06.2026
Bitcoin News: BTC USD Just Hit Its Lowest Level Since February

Bitcoin News: BTC USD Just Hit Its Lowest Level Since February

04.06.2026
Bitcoin’s $63k slide shows ETF demand fighting AI equities for dollar liquidity

Bitcoin’s $63k slide shows ETF demand fighting AI equities for dollar liquidity

04.06.2026
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz