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Home»Crypto Market

Tornado Cache Developer Seeks Funding for Legal Defense

Hope SmallyBy Hope SmallyAugust 11, 2024 Crypto Market No Comments2 Mins Read
Tornado Cache Developer Seeks Funding for Legal Defense
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Tornado Cache developer Alexei Pertsev is actively seeking financial support to continue legal action in the Netherlands.

On August 10, Pertsev made a public appeal for funding in a video posted on the social media platform X (formerly Twitter).

Tornado Cache Developer Seeks Funding for Legal Battle

Pertsev, who faces a five-year prison sentence, is aiming to raise between $750,000 and $1 million to cover his legal expenses. The support for this campaign comes alongside revelations of significant government resources being used against him.

The campaign is encouraging backers to contribute Ethereum via Juicebox, a decentralized fundraising platform. It emphasizes Pertsev’s fight for personal freedoms and the fundamental principles of privacy and open source development.

Promising Community Response

The cryptocurrency community has shown encouraging support for the cause. Juicebox’s “Defend Alexei” fundraiser has already gathered 15.35 ETH, equivalent to over $40,000. Moreover, privacy researcher Amin Soleimani has launched a special NFT collection to further aid Pertsev’s legal defense.

This outpouring of support builds upon previous acts of solidarity from the cryptocurrency community. Notably, Ethereum co-founder Vitalik Buterin donated over $100,000 to assist Pertsev and his colleague Roman Storm, who are currently incarcerated in the United States.

Concerns and Advocacy

Privacy advocates and members of the blockchain community are closely monitoring Pertsev’s case and are troubled by the potential consequences for developers if their code is misused by others. Daniel Buchner, Block’s head of decentralization, has criticized the notion of holding developers criminally or civilly liable for the misuse of open source software.

“The notion that developers can be held criminally or civilly liable for the way in which governments disapprove of the use of open source software, as seen in Alex’s case with Sitcoin, is nonsensical,” said Buchner.

Regulators worldwide have intensified their scrutiny of privacy protocols over the past year, citing concerns that terrorist organizations and rogue states like North Korea exploit such technologies to conceal illicit digital assets.

In response, the U.S. government has taken legal action against several cryptocurrency privacy service providers, including the co-founder of Samurai Wallet, for alleged violations of local laws.

The information contained on the BeInCrypto website is published in good faith and for informational purposes only. Users are solely responsible for any consequences arising from the use of the information on this website.
In addition, part of the content is the AI ​​translated English version of BeInCrypto articles.

Hope Smally

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