GoFundMe shuts down Tornado Cash legal defense crowdfunding

The crowdfunding for the Tornado Cash legal battle was canceled by GoFundMe, citing a breach of terms of service. All contributions made to the fundraiser were returned to the respective donors.

Timeline of Torn

U.S. presidential candidates from both major parties converged at the Stand With Crypto event hosted by Coinbase to articulate their positions on critical issues surrounding cryptocurrencies. The event, sponsored by CoinDesk, took place at the New Hampshire Institute of Politics at St.

Tornado Cash , known for its cryptocurrency mixing protocol, utilized TORN as its governance token, enabling users to participate in voting for protocol upgrades. However, the announcement by Binance, the largest crypto exchange globally, triggered a substantial negative impact on TORN's value.

In a recent alert issued by PeckShield, it has come to light that hackers responsible for the breach of Jimbos Protocol have successfully transferred the pilfered sum of $7.5 million via Tornado Cash.

Vitalik Buterin and Jacob Illum of Chainalysis have recently developed a fork of the well-known decentralised cryptocurrency mixer Tornado Cash that is much more ‘compliant' with the legal requirements of the United States of America and many other countries.

On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded, Storm resolutely declared his innocence by pleading not guilty to the charges levied against him.

Roman Storm, a key developer behind cryptocurrency mixer Tornado Cash, pleaded not guilty to several criminal charges, Inner City Press said on Sept. 6. That report indicates that Storm pleaded not guilty to charges contained within an earlier indictment.

Roman Storm, the co-founder of the cryptocurrency-mixing platform Tornado Cash, recently entered a not-guilty plea in a U.S. court. Storm and co-founder Roman Semenov face charges of conspiracy to conduct money laundering.

The Tornado Cash indictments could be another tipping point for crypto. How the case plays out could define how the federal government can deal with decentralized trading platforms if they're seen as broad precedents.

One of the founders of the Tornado Cash crypto mixer, Roman Storm, has been released on bail, his lawyer announced on social media. Storm, who was arrested in the United States, has been charged with money laundering and sanctions violations through the unlicensed platform.

Roman Storm's lawyer Brian Klein said the developer was released on bail on Aug. 24, the day after the U.S. DOJ announced the charges related to money-laundering and other alleged violations.