Ethereum co-founder Vitalik Buterin sold meme coins and donated the proceeds to support the Tornado Cash developers. This event raises questions about the significance of privacy and legality in the crypto community.

Meme Coin Sales

Vitalik Buterin earned 140.7 Ether by selling popular meme coins like MOODENG, DEGEN, NEIRO, and KOBASU. The price of NEIRO surged by 215% last week, while MOODENG drew attention with a 1685% increase this month. All revenue was donated to the 'Free Alexey & Roman' campaign, supporting the legal defenses of Tornado Cash developers Alexey Pertsev and Roman Storm.

The Role of Tornado Cash

Tornado Cash is a crypto mixer that allows users to anonymize their transactions on the Ethereum blockchain. According to a recent report from Certik, approximately $287 million were laundered through Tornado Cash, making it a favorite among cybercriminals. Buterin opposes the unlawful detention of Tornado Cash developers and supports the use of crypto privacy tools.

Importance of Privacy in Cryptocurrency

Buterin's donations have sparked significant discussions in the crypto community regarding privacy and legal issues. While many believe such tools are essential for privacy protection, others argue they facilitate criminal activities. The importance of mixers in protecting investors' assets remains a pressing topic.

Vitalik Buterin's actions have brought attention to privacy and legality issues in the crypto world. This event will continue to shape the future direction of the crypto ecosystem.