Vitalik Buterin backs Tornado Cash developer Roman Storm ahead of US sentencing. Over $6.39M raised from the crypto community for his defense. The post Vitalik Vitalik Buterin backs Tornado Cash developer Roman Storm ahead of US sentencing. Over $6.39M raised from the crypto community for his defense. The post Vitalik

Vitalik Buterin and Crypto Community Rally Behind Tornado Cash Developer Ahead of Sentencing

In his recent letter on Jan. 9, Ethereum ETH $3 124 24h volatility: 0.5% Market cap: $376.72 B Vol. 24h: $20.94 B co-founder Vitalik Buterin publicly backed Tornado Cash developer Roman Storm ahead of his upcoming sentencing hearing in the US.

In August 2023, the U.S. Department of Justice (DoJ) sentenced Storm, alleging that his crypto mixer platform, Tornado Cash, helped in laundering more than $1 billion in illicit funds.

However, he has been free on bail after a judge said that he was not a flight risk. But Storm now faces a potential prison term of up to five years.

In his latest letter, Buterin stated that this case raises questions over the criminalization of software development instead of any financial wrongdoing.

https://twitter.com/VitalikButerin/status/2009518473173512379

The Ethereum co-founder called Storm’s prosecution an attempt to hold developers responsible for how open-source tools are used by third parties without any direct involvement in illicit activities.

Buterin stressed the importance of privacy-preserving technologies in protecting individuals from pervasive data collection by both corporations and governments.

He added that he has personally used Tornado Cash to make payments for technical services and to donate to human rights organizations.

Buterin’s letter presents a strong argument in Storm’s case, emphasizing that data protection is a fundamental issue rather than a political one.

He stated that control over personal information should be a default right, noting that modern privacy tools mainly aim to preserve protections that existed before widespread digital surveillance.

In the letter, Buterin argued that such safeguards are neither novel nor extreme. Instead, he described them as long-standing protections that historically applied to private communications.

Apart from just verbal support, Buterin has also extended financial support to the victims.

In December 2024, he donated 50 ETH, worth roughly $170,000 at the time, to Storm’s legal defense fund.

The Ethereum Foundation contributed $500,000 in June last year and committed to matching an additional $750,000 in community donations.

In October 2025, the Ethereum Foundation and Keyring jointly launched a dedicated legal defense fund for Tornado Cash developers.

Apart from the Ethereum Foundation, Tornado Cash developer Roman Storm has been receiving support from the rest of the crypto community as well.

According to the defense fund’s website, over $6.39 million has been raised in 2025 alone.

Blockchain privacy researcher Federico Carrone contributed $500,000 to support Storm’s defense.

In August 2025, the Solana Policy Institute also disclosed that it donated $500,000 to support both Storm and Tornado Cash co-creator Alexey Pertsev.

next

The post Vitalik Buterin and Crypto Community Rally Behind Tornado Cash Developer Ahead of Sentencing appeared first on Coinspeaker.

Market Opportunity
Storm Trade Logo
Storm Trade Price(STORM)
$0.00786
$0.00786$0.00786
+0.51%
USD
Storm Trade (STORM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

U.S. Moves Grip on Crypto Regulation Intensifies

U.S. Moves Grip on Crypto Regulation Intensifies

The post U.S. Moves Grip on Crypto Regulation Intensifies appeared on BitcoinEthereumNews.com. The United States is contending with the intricacies of cryptocurrency regulation as newly enacted legislation stirs debate over centralized versus decentralized finance. The recent passage of the GENIUS Act under Bo Hines’ leadership is perceived to skew favor towards centralized entities, potentially disadvantaging decentralized innovations. Continue Reading:U.S. Moves Grip on Crypto Regulation Intensifies Source: https://en.bitcoinhaber.net/u-s-moves-grip-on-crypto-regulation-intensifies
Share
BitcoinEthereumNews2025/09/18 01:09
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
Unpacking The Lingering Market Anxiety

Unpacking The Lingering Market Anxiety

The post Unpacking The Lingering Market Anxiety appeared on BitcoinEthereumNews.com. Crypto Fear & Greed Index Plummets To 27: Unpacking The Lingering Market Anxiety
Share
BitcoinEthereumNews2026/01/12 08:32