The Coin Rise
2025-08-29 11:00:44

Solana Policy Institute Donates $500K to Tornado Co-founders Storm and Pertsev

The Solana Policy Institute, a nonprofit advocacy group for the Solana ecosystem, has pledged $500,000 to support the legal defense of Tornado Cash co-founders Roman Storm and Alexey Pertsev. The donation adds to a growing pool of funds from across the crypto industry aimed at challenging the convictions of the developers behind the controversial privacy protocol. Storm was found guilty earlier this month of operating an unlicensed money-transmitting business, while Pertsev was convicted in 2024 of money laundering for his role in Tornado Cash’s development. The protocol, designed to allow users to obscure the origin and destination of their digital assets, has been at the center of legal and regulatory debates over crypto privacy. The Solana Policy Institute confirmed its commitment in a statement on Thursday, saying the money would help cover Storm’s post-trial motions and Pertsev’s appeal process. Millions Raised Through Community Efforts The crypto community has already mobilized significant resources. The “Free Roman Storm” fund has raised $5.5 million so far, leaving it just $1.5 million short of its target. S torm himself made a public appeal in July , posting on X that he needed an additional $1.5 million to keep up with legal expenses. Support has come from multiple corners of the ecosystem. Ethereum core developer Federico Carrone pledged $500,000 shortly after being released from detention in Turkey earlier this month. The Ethereum Foundation has also committed heavily , donating $500,000 in June and promising to match up to $750,000 in community contributions. After Storm’s conviction, the Foundation doubled down, offering another $500,000 in matching funds. Ethereum co-founder Vitalik Buterin contributed two donations totaling 150 Ether—valued at over $673,000 at current prices—further underscoring the high-profile backing behind Storm’s legal fight. Storm Receives Broader Industry Support Beyond Ethereum leaders, other groups and individuals have stepped forward. In July, Meta Cartel DAO announced it had emptied its entire treasury to aid Storm’s defense, while Julian Zawistowski, founder of the Golem project, confirmed a donation of 50 Ether, worth around $224,000. Venture capital firm Paradigm also pledged $1.25 million in January. Co-founder Matt Huang warned at the time that holding developers accountable for how third parties use open-source software could have a “chilling effect” on innovation within crypto and beyond. With contributions now spanning multiple blockchain communities, Storm and Pertsev’s legal battles are shaping up to be a defining moment in how courts treat developers of decentralized privacy tools. The post Solana Policy Institute Donates $500K to Tornado Co-founders Storm and Pertsev appeared first on TheCoinrise.com .

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.