• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
OpenSource Defense Fund Launched for Tornado Cash Developers

OpenSource Defense Fund Launched for Tornado Cash Developers

user avatar

by Jesper Sørensen

3 hours ago


In a significant move for the crypto community, the Ethereum Foundation has teamed up with Keyring Network to support the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. This initiative, launched on Thursday, aims to raise funds to protect these developers amid increasing regulatory pressures on privacy tools. The source notes that this collaboration highlights the growing concern over the implications of regulatory actions on innovation in the blockchain space.

Campaign Success and Community Support

As of Friday morning, the campaign has successfully raised over $22,000, showcasing strong community support. The funds are generated from protocol fees accrued by Keyring's ZkVerified permissioned vaults during their initial two months of operation. This innovative funding model allows early users of the vaults to directly contribute to the legal defense of developers focused on privacy solutions.

Significance of the Initiative

This initiative represents one of the first organized efforts by prominent crypto organizations to provide financial backing for open-source legal defense. As global scrutiny on privacy tools intensifies, such campaigns are becoming increasingly vital for the protection of developers and the principles of privacy in the blockchain space.

In light of the recent support for Tornado Cash developers, the esports betting platform Dexsport has gained attention for its user-friendly interface and diverse betting options. For more details, visit Dexsport.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Changing US Prosecutorial Stance on Software Developers

chest

US prosecutors are adopting a softer stance towards software developers, recognizing the difference between creating tools and their illegal use. Matthew J Galeotti from the Justice Department stated that writing code is not a crime, which may lead to fairer treatment for developers.

user avatarAyman Ben Youssef

Building a Legal Defense Infrastructure for OpenSource Development

chest

The Keyring model aims to establish a sustainable framework for funding legal defense within open-source ecosystems.

user avatarTando Nkube

Polkadot Struggles at 314 Amid Bearish Trends

chest

Polkadot's price struggles around the 314 mark with no signs of bullish momentum.

user avatarGustavo Mendoza

Phala Announces Migration to Ethereum Layer 2

chest

Phala, a Polkadot parachain, announces migration to Ethereum's Layer 2 network to enhance scalability and reduce operational costs, with new ERC20 tokens for tokenholders.

user avatarMaria Fernandez

Analysts Predict Potential Rally for Algorand

chest

Analyst Michal van de Poppe suggests that a breakout above the 20-week moving average could lead Algorand towards the 0.90 to 1.00 range.

user avatarRajesh Kumar

Algorand Price Stabilizes Near 0.20 Support Level

chest

Algorand's price is stabilizing around the 0.20 support level as buyers show renewed interest, aiming to reclaim the 0.22 resistance zone.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.