Tornado Cash Dev Pertsev Aims to Raise $1 Million
Alexey Pertsev, a developer of Tornado Cash, is actively seeking financial support to sustain his legal battle in the Netherlands.
On August 10, Pertsev publicly appealed for funds through a video on the social media platform X (formerly Twitter).
Tornado Cash Dev Wants to Raise $1 Million
Pertsev, who has been sentenced to five years in prison, is aiming to raise between $750,000 and $1 million to cover his legal expenses. A support account on X confirmed the appeal, highlighting the significant resources behind the government prosecution against him.
The campaign urges supporters to donate Ethereum via the decentralized fundraiser Juicebox. The campaign team also emphasizes that Pertsev is fighting for his freedom and the broader principles of privacy and open-source development.
“If you believe developers shouldn’t face jail time for their code, please consider donating ETH,” the Juicebox campaign stated.
Read more: Tornado Cash: Everything You Need To Know
Early responses from the crypto community are promising. The “Defend Alexey” fundraiser on Juicebox has already collected 15.35 Ethereum, worth over $40,000. Additionally, privacy researcher Ameen Soleimani has launched a limited edition NFT collection to support Pertsev’s legal defense.
These fundraising efforts build on previous support from the crypto community. Notably, Ethereum co-founder Vitalik Buterin had previously donated more than $100,000 to support Pertsev and his colleague Roman Storm, who is currently held in the US.
Privacy advocates and the blockchain community have closely scrutinized Pertsev’s case, worrying about the broader implications for developers if others misuse their code. Daniel Buchner, Head of Decentralized Identity at Block, has criticized the idea that developers should face criminal or civil liability for the misuse of their open-source software.
“That Alex’s code was primarily used for shitcoins is irrelevant, everyone who cares about justice and human freedom must fight the insane, authoritarian idea that people using open source software in a way the government doesn’t like makes the developer criminally/civilly liable,” Buchner stated.
Read more: Top 7 Privacy Coins in 2024
Meanwhile, regulators worldwide have increased scrutiny of privacy protocols over the past year. They argue that terrorist organizations and rogue states like North Korea exploit these technologies to conceal illicit digital assets.
As a result, the US government has initiated legal actions against several crypto privacy service providers, including the co-founders of Samourai Wallet, for alleged violations of local laws.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
