Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (2,147)
  • Analysis (2,307)
  • Bitcoin (2,906)
  • Blockchain (1,781)
  • DeFi (2,101)
  • Ethereum (2,086)
  • Event (72)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (2,147)
  • Press Releases (10)
  • Reddit (1,563)
  • Regulation (2,016)
  • Security (2,785)
  • Thought Leadership (3)
  • Videos (43)
Hand picked
  • Son One Day You’ll Be A Man
  • Sail Away: Liberty, Property, and the Kraken Way
  • Humanitarian Protocol (H) increases by 138% as part of Sui ecosystem integration
  • Ethereum Sharks and Whales Are Back: What Does This Mean for ETH Price?
  • JPMorgan allows Bitcoin and Ethereum as loan collateral
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Ethereum»The Ethereum Foundation promises $ 1 million in the defense of Storm, the entities increase the Pertsev call
Ethereum

The Ethereum Foundation promises $ 1 million in the defense of Storm, the entities increase the Pertsev call

June 14, 2025No Comments
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Ethereum foundation tornado cash 1.jpg
Share
Facebook Twitter LinkedIn Pinterest Email



The developers of Tornado Cash Roman Storm and Alexey Pertsev have received renewed support from the cryptographic community on their respective trials for the deployment of the open-source code behind the mixer.

The Ethereum Foundation on June 12 DO 500,000 $ in Tornado Cash Legal defense of the Roman Storm developer. He said it will correspond to an additional $ 750,000 of Public contributors While the case of American money laundering is approaching the trial.

Storm recognized The pledge minutes later on X, describing it as essential to “defend confidentiality and the right of code”. The new commitment follows a subsidy of $ 1.25 million from the venture capital company Paradigm earlier this year and provides total support for community studies for Stormto at around $ 3 million.

The Tornado Cash developer is currently under bail of $ 2 million in Washington. The prosecutors arrested him on August 23, 2023 and accused him of a conspiracy to whiten more than a billion dollars in crypto, including funds moved by the Lazare group in North Korea.

A federal judge kept the date of the jury of July 14, 2025 on the calendar.

The plea groups file a file for Pertsev

In the Netherlands, Coin Center and the DEFI Education Fund has filed an Amicus thesis Support the Tornado cash coder, the appeal by Alexe Vétsev of his conviction for money laundering. The file maintains that the unchanging intelligent contract code is a neutral tool and that responsible developers would cool open source innovation.

The case of PETSEV has already attracted a subsidy of $ 1.25 million from the Ethereum Foundation on February 26 which brought the same “confidentiality is normal, and writing code is not a crime” seen in the Storm funding campaign.

The Dutch agents arrested Perseev in Amsterdam on August 10, 2022, two days after the US Treasury sanctioned the torade.

The judges tried it on March 25 and 26, 2024 and sentenced it to 64 months to facilitate the laundering of around $ 1.2 billion on May 14. He left prison under electronic surveillance on February 7, 2025, while his call occurred in S-Hétogenbosch.

Ofac Intelligent contract addresses in Tornado Tornado On March 21, after a court of appeal ruled that the unchanging code could not be sanctioned as a property. The withdrawal Deputy token restrictions But did not end the parallel criminal affairs against developers.

Mentioned in this article
Last The Netherlands Stories



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleEthereum Staking has reached an All-Time High, with almost 35 Million Staked ETH locked away
Next Article Blockchain uses the ramp -up to fortune 500, small businesses: Coinbase

Related Posts

Ethereum

Ethereum emerges as the only trillion-dollar institutional store of value – here’s why

October 25, 2025
Ethereum

Ethereum OG Generates $500M Liquidity Flow to ConcreteXYZ and Stable Vaults – Details

October 25, 2025
Ethereum

Ethereum Exchange Withdrawal Activity Surges as Balances Fall to New Lows, ETH Rally Within Reach?

October 24, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Zebu Live 2025 Returns to London with Coinbase, Ripple, Binance, and More Leading the UK’s Web3 Revolution

October 17, 2025

London, UK, October 16th, 2025 — Zebu Live, London’s flagship Web3 summit, returns this October…

Event

WOW Summit Hong Kong 2025 Concludes, Cementing the City’s Status as a Global Tech Epicenter

October 15, 2025

Hong Kong once again became the heartbeat of global innovation as WOW Summit Hong Kong…

1 2 3 … 58 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Humanitarian Protocol (H) increases by 138% as part of Sui ecosystem integration

October 25, 2025

Altcoin market misses $800 billion surge as retail investors turn to crypto stocks

October 25, 2025

JPMorgan will accept Bitcoin and Ether as loan collateral

October 25, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 111,807.96
ethereum
Ethereum (ETH) $ 3,940.83
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,114.37
xrp
XRP (XRP) $ 2.58
solana
Wrapped SOL (SOL) $ 193.12
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,941.13
dogecoin
Dogecoin (DOGE) $ 0.197628
tron
TRON (TRX) $ 0.298708