The legitimate defense of Alexey Pertsev, the main developer of Tornado Cash, will receive$ 1.25 million from the EthereumEthereum Foundation.
In a Wednesday article on X, formerly known as Twitter, the non-profit said that writing code was” hardly a crime”, and posted a link for those wanting to add funds.
One of the principal designers of the Tornado Cash application is Pertsev, a gold mixer that the U.S. Treasury Department sanctioned in 2022 because it claimed thieves were using it to launder money.
In 2022, Dutch feds arrested Netherlands-based Pertsev and hit the Russian federal with money fraud claims.
A jury found Pertsev guilty of laundering$ 1.2 billion in illegal property after a Dutch judge at the S-Hertogenbosch judge last season ruled that Tornado Cash was “intended for thieves.” He was sentenced to 64 months in prison.
Pertsev has since been placed under house arrest while he awaits an charm.
” Privacy is normal, and writing code is not a crime”, the Foundation said on X ( formerly Twitter ).
Tornado Money allowed people to anonymously send and receive ETH, the second-largest crypto. According to American authorities, North Korean-sponsored stars used the software to hide their songs after breaking cryptographic protocols.
The Tornado Cash case is contentious among private advocates—including U. S. politicians—who have argued that sanctioning the game is an assault on civil rights.
America’s biggest bitcoin change, publicly-traded Bitcoin, funded a complaint against the U. S. Department of Treasury, calling its sanctions of the Ethereum combining support an “unprecedented, overbroad action”.
The Ethereum Foundation is a non-profit organization that supports everything Ethereum, the groundwork for Ethereum. The nonprofit supports the developers working on the cryptocurrency, and gives offers to those building Ethereum-based jobs.
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