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Ethereum Foundation Donates $500,000 To Tornado Cash Co-Founder’s Legal Defense

by admin June 14, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ethereum Foundation (EF) has announced that it will be contributing $500,000 to the legal defense of Tornado Cash co-founder and developer Roman Storm. Storm faces three charges in the upcoming trial related to operating a crypto mixer in the United States.

‘Privacy Is Normal, And Writing Code Is Not A Crime’ – EF

In a June 13 post on the X platform, the Ethereum Foundation disclosed that it would donate $500,000 to Storm’s defense in the upcoming court trial. In addition to the significant contribution, the foundation intends to match up to an extra $750,000 in donations from the crypto community.

This Ethereum Foundation’s announcement comes about a month before the beginning of the trial, which would see Storm battle charges including conspiracy to commit money laundering, conspiracy to violate  US sanctions, and conspiracy to operate an unlicensed money-transmitting business. If found guilty of all these charges, the crypto mixer co-founder faces a prison sentence of up to 45 years.

While Storm’s legal defense team has tried to get these charges dismissed in court, his trial is set to begin in New York on Monday, July 14. For his defense, the Tornado Cash developer is looking to raise about $2 million.

The Ethereum Foundation wrote in the post on X:

Privacy is normal, and writing code is not a crime.

This statement touches on what has been a major talking point — privacy concerns — in the crypto community since Storm’s arrest in 2023 and other similar cases (the arrest of Telegram’s co-founder, Pavel Durov, in 2024). While the US prosecutors have declared intentions to drop the charge of operating an unlicensed money transmitting business, Storm has maintained his innocence throughout this legal battle.

Tornado Cash Co-Founder Speaks Out On Social Media

Earlier on Friday, Storm took to the social media platform X to appeal for the support of the crypto community, saying that the US judicial system is “trying to crush” him. 

The crypto co-founder said: 

If I lose, DeFi dies with me. The dream of financial freedom, the code I believed in—it all fades into darkness. I’m fighting, but the weight is unbearable. This isn’t just my end; it’s ours.

Storm also posted an appreciation message on X to the Ethereum Foundation for its $500,000 donation to his legal defense. “Your support means the world to me, especially standing up for privacy and the right to code. I’m so grateful to everyone chipping in—your generosity is truly inspiring! Thanks from the bottom of my heart,” the co-founder concluded.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 14, 2025 0 comments
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Etsy co-founder's new startup is making what really looks like a mixed reality magnifying glass
Gaming Gear

Etsy co-founder’s new startup is making what really looks like a mixed reality magnifying glass

by admin June 5, 2025


Virtual and augmented reality are still pretty new frontiers with a lot of potentially cool ideas yet to be developed. The latest product in the mixed reality space could be coming from a startup called Dopple Works. Lowpass reported that the secrecy-shrouded business from Etsy co-founder and former CEO Robert Kalin is working on a new device called Loop.

Dopple Works has submitted an application to the Federal Communications Commission. Many of the details are not publicly available, but that filing indicates that Loop is battery-powered and will use both WiFi and Bluetooth networks. Lowpass also unearthed a patent application that dubs Loop a “dedicated hand-held spatial computing device.” The application comes with images that show a camera, speaker and tracking sensor that could capture details on an environment, along with a screen for viewing the mixed reality content.

At this stage, there’s not enough information available to speculate on what Loop’s purpose will be. But the photos from the government filings do spark some entertaining mental images of a future where people wandering about doing their best Sherlock Holmes imitations with mixed reality magnifying glasses.



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June 5, 2025 0 comments
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