Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
    ExclusiveShow More
    $10.8 Million Drained Inside the THORChain Exploit That Froze Cross-Chain DeFi for 13 Hours
    $10.8 Million Drained: Inside the THORChain Exploit That Froze Cross-Chain DeFi for 13 Hours
    BG Wealth and DSJ Exchange collapse exposes 2026 crypto scam pipeline
    How BG Wealth and DSJ Exposed the New Pipeline Model Behind 2026 Crypto Fraud
    Chainalysis’ Regional Director on Asia’s Crypto Growth and Stablecoin Revolution
    Exclusive: Chainalysis’ Regional Director on Asia’s Crypto Growth and Stablecoin Revolution
    CLARITY Act Markup Vote Today
    CLARITY Act Timeline: From 15-9 Senate Win to July 4 Signing, Here Is Every Step Ahead
    US Inflation Hits 3.8% Here's the Exact Crypto Playbook Smart Money Is Using to Hedge It
    US Inflation Hits 3.8%: Here’s the Exact Crypto Playbook Smart Money Is Using to Hedge It
  • Opinion
    OpinionShow More
    The CLARITY Act The Final Hand — Everyone's Bluffing, Nobody's Folding, and Thursday Changes Everything
    The CLARITY Act: The Final Hand — Everyone’s Bluffing, Nobody’s Folding, and Thursday Changes Everything
    WazirX Debuts ‘Guardians of Trust’ Hub Security Pivot or Distraction from the 15% Debt
    WazirX Debuts ‘Guardians of Trust’ Hub: Security Pivot or Distraction from the 15% Debt?
    What Does Bitcoin Become in a World Questioning the Dollar?
    What Does Bitcoin Become in a World Questioning the Dollar?
    What Happens to the One Asset Designed to Escape Control
    What Happens to the One Asset Designed to Escape Control?
    A System Built on Control, and a Question That Refuses to Settle
    A System Built on Control, and a Question That Refuses to Settle
  • Learn
    • Explained
    • How To
    • Insights
  • Podcasts
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
  • Podcasts
Follow US
© 2026 By Crypto Times. All Rights Reserved.
Market News

Ethereum Foundation Donates $500K For Tornado Cash Co-Founder

Written By:
Shruti Lakhlani

Reviewed By:
Gopal Solanky

Last updated: August 9, 2025 12:57 AM
Published August 9, 2025 12:39 AM
Share
Last updated: August 9, 2025 12:57 AM
Published August 9, 2025 12:39 AM
Ethereum Foundation Donates $500K For Tornado Cash Co-Founder

The Ethereum Foundation has committed to matching up to $500,000 in community donations to fund the legal defense of Roman Storm, co-founder of Tornado Cash, a cryptocurrency mixing protocol. The move by the foundation shows support for privacy and open-source innovations. 

An X handle, run by Storm’s legal team for legal aid, announced, “The @ethereumfndn has generously offered to match up to $500k in further donations to support Roman’s legal aid.” 

The @ethereumfndn has generously offered to match up to $500k in further donations to support Roman's legal aid.

Roman risks up to 5 years of jail time if he doesn't win the appeal, and potentially decades if the government decides to retry Counts 1 & 3.

— Free Pertsev & Storm (@FreeAlexeyRoman) August 7, 2025

Storm was convicted on August 7, 2025, in a Manhattan federal court on one count of conspiring to operate an unlicensed money transmitter, facing up to five years in prison if his appeal fails. 

In addition, the jury deadlocked on two more severe charges—conspiracy to commit money laundering and violate U.S. sanctions—leaving open the possibility of a retrial. If the government pursues these charges, Storm could face decades in prison, a prospect that has alarmed advocates of decentralized finance (DeFi) and privacy-focused technologies.

Charges Over Developing Tornado Cash

Tornado Cash is an Ethereum-based cryptocurrency project that permits users of its service to anonymize transactions; it has attracted the attention of U.S. officials, who claim it was used to launder funds, among other illegal transactions, by entities such as the Lazarus Group in North Korea. 

The defense of Storm states that, since the protocol is open-source, it functions independently, and bringing developers to trial over its use is a very risky precedent in the tech and cryptocurrency communities. The fact that writing code is not a crime stands out, reinforced by Vitalik Buterin, one of the co-founders, and promoted by the Ethereum Foundation.

Fundraise to Support Roman’s Trial

This funding follows the Foundation’s earlier contributions, including a $500,000 direct donation and a $750,000 matching pledge in June 2025. The latest $500,000 match is intended to assist Storm’s team in raising $1.5 million for his appeal, given the rapidly increasing legal costs. The community-driven effort, led by Free Pertsev & Storm, calls for global donations to amplify the defense fund through the Foundation’s matching program.

Storm’s case is a tipping point in the crypto sphere and brings to the fore questions of developer liability, the rights to privacy, and the uncertain future of DeFi. His popularity has the potential to change how regulators approach the regulation of decentralized technologies, following the U.S. Treasury’s removal of sanctions against Tornado Cash in March 2025. 

The whole crypto community is invited to join the battle since this case has the potential of establishing the premises of innovation and liberty in the blockchain world.

Also Read: Ethereum’s Fusaka Upgrade Faces Delay Due To Coordination Issues

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News
Google News Banner

TAGGED:Ethereum (ETH)Tornado Cash
Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link
Shruti Lakhlani- Crypto Journalist at The Crypto Times
By Shruti Lakhlani
Follow:
Shruti Lakhlani is a Crypto Journalist with over 5 years of experience in media and digital content. She specializes in covering the latest developments in the cryptocurrency industry, including major updates in the U.S. markets and global regulatory policies.
Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
Follow:
Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

Latest News

Harvard Trims Exposure in BlackRock IBIT by 43%, Fully Exits Ether ETF
Harvard Trims Exposure in BlackRock IBIT by 43%, Fully Exits Ether ETF
Hackers Used Drained Wallet Funds to Pump VICE Memecoin
Hackers Used Drained Wallet Funds to Pump VICE Memecoin
Royal Bank of Canada Discloses Stake in Bitwise XRP ETF
Royal Bank of Canada Discloses Stake in Bitwise XRP ETF
Sam Bankman-Fried Responds After Drake Name-Drops FTX on New Album
Sam Bankman-Fried Responds After Drake Name-Drops FTX on New Album
$10.8 Million Drained Inside the THORChain Exploit That Froze Cross-Chain DeFi for 13 Hours
$10.8 Million Drained: Inside the THORChain Exploit That Froze Cross-Chain DeFi for 13 Hours

Find Us on Socials

You may also like

Crypto Market Today BTC Drops to $78,000; Altcoins ETH, SOL, XRP Follow

Crypto Market Today: BTC Drops to $78,000; Altcoins ETH, SOL, XRP Follow

Are Roaring Kitty, Matt Furie, and WinRAR X Account Hacks Connected?

Are Roaring Kitty, Matt Furie, and WinRAR X Account Hacks Connected?

Today in Crypto: Bitcoin Down Below $80K, Trump-Family’s Crypto Investments, THORChain Exploit

Today in Crypto: Bitcoin Down Below $80K, Trump-Family’s Crypto Investments, THORChain Exploit 

Crypto Market Today BTC Fades Below $80K on Warsh's First Day As Fed Chair

Crypto Market Today: BTC Fades Below $80K on Warsh’s First Day As Fed Chair

The Crypto Times Logo PNG

Providing real-time, accurate Crypto reporting. Your trusted source for Crypto News and Research.

Stay Updated

All News
Exclusive
Opinions
Learn
Podcasts

Company

About Us
Our Authors
Editorial Policy
AI Policy
Advertorial Policy

Get In Touch

Contact Us
Career

Find Us on Socials

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information