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Vitalik Buterin (Creator of Ethereum) donates 30 ETH to the legal defense of Tornado Cash
Vitalik Buterin has continued to show his support for Tornado Cash developers Alexey Pertsev and Roman Storm, who are accused of money laundering.
On May 8, the Ethereum co-founder donated 30 ETH, valued at approximately $113,000, to Juicebox's 'Free Alexey & Roman' campaign. Buterin has openly supported Pertsev and Storm and expressed his disappointment with the verdict in their case.
Speaking at DappCon in Berlin, he described Pertsev's 64-month prison sentence as “really unfortunate.” According to him, developing software for privacy should be "a completely legal and legitimate way to fight for privacy." However, the Dutch court's stance was contradictory, as it found Pertsev guilty of money laundering through the software he developed.
The case now has broader implications for Storm, who faces similar charges in the United States. Tornado Cash and other cryptocurrency mixers designed to hide transaction traces have faced substantial regulatory scrutiny for potential misuse by criminal entities.
Despite these challenges, Buterin remains optimistic and hopes for “positive clarity” in Storm's upcoming trial in the US.
He continues to defend privacy, touting its importance for “regular people” and not just nefarious actors.
#Law #TornadoCash
Vitalik Buterin has continued to show his support for Tornado Cash developers Alexey Pertsev and Roman Storm, who are accused of money laundering.
On May 8, the Ethereum co-founder donated 30 ETH, valued at approximately $113,000, to Juicebox's 'Free Alexey & Roman' campaign. Buterin has openly supported Pertsev and Storm and expressed his disappointment with the verdict in their case.
Speaking at DappCon in Berlin, he described Pertsev's 64-month prison sentence as “really unfortunate.” According to him, developing software for privacy should be "a completely legal and legitimate way to fight for privacy." However, the Dutch court's stance was contradictory, as it found Pertsev guilty of money laundering through the software he developed.
The case now has broader implications for Storm, who faces similar charges in the United States. Tornado Cash and other cryptocurrency mixers designed to hide transaction traces have faced substantial regulatory scrutiny for potential misuse by criminal entities.
Despite these challenges, Buterin remains optimistic and hopes for “positive clarity” in Storm's upcoming trial in the US.
He continues to defend privacy, touting its importance for “regular people” and not just nefarious actors.
#Law #TornadoCash
🚨 BREAKING 🚨
UK 🇬🇧 INTRODUCES NEW BILL IN
PARLIAMENT TO CLARIFY LEGAL
STATUS OF CRYPTO.
UNDER THIS LAW, BITCOIN AND
OTHER CRYPTO ASSETS WILL
BE CONSIDERED AS PERSONAL
PROPERTY.
GIGA BULLISH FOR ADOPTION 🔥
#BTC #MarketUpdate #UK #Law
UK 🇬🇧 INTRODUCES NEW BILL IN
PARLIAMENT TO CLARIFY LEGAL
STATUS OF CRYPTO.
UNDER THIS LAW, BITCOIN AND
OTHER CRYPTO ASSETS WILL
BE CONSIDERED AS PERSONAL
PROPERTY.
GIGA BULLISH FOR ADOPTION 🔥
#BTC #MarketUpdate #UK #Law
Binance CEO calls Gambaryan’s treatment ‘inhuman’ as disturbing new video emerges
Gambaryan’s next hearing is set for Sept. 4, where the judge will consider the executive’s latest motion for bail.
newly surfaced video appears to show the harsh treatment of a Binance executive imprisoned in Nigeria, fueling widespread calls for his release as his health continues to deteriorate.
Tigran Gambaryan, Binance’s head of crime compliance, appeared in court after his trial date was brought forward to Sept. 2. Shortly after his court appearance, a disturbing video emerged, prompting Binance CEO Richard Teng to demand Gambaryan’s immediate release.
Sharing the video, Teng wrote in a Sept. 3 X post:
“This inhumane treatment of Tigran must end. He must be allowed to go home for medical treatment and to be with his family.”The video has renewed calls for Gambaryan’s release. He has been detained for more than six months, raising concerns about his access to legal representation and medical care.
The executive was detained in connection with alleged financial crimes involving $34 million related to Binance’s operations in Nigeria.
Related: New Web3 wallet rolls out decentralized crypto inheritance
Gambaryan’s attorney files new motion for bail
During the trial, Gambaryan’s attorney filed a new motion for bail, citing the executive’s deteriorating health.
Lawyers for Nigeria’s Economic and Financial Crimes Commission (EFCC) immediately opposed the motion, arguing that Gambaryan was not in poor health, despite counsel for the government regulator submitting the detained executive’s health records to the court, which indicate that he requires surgery.
The next hearing is set for Sept. 4, when the judge will consider the bail motion.Gambaryan struggles with health issues
Gambaryan’s health is reportedly declining in detention, adding significance to the outcome of the Sept. 4 hearing.
The Binance executive’s family has raised concerns over his worsening health conditions, which they claim are due to prolonged medical negligence. The family said in a shared statement:
“He is no longer able to walk from the pain of his untreated herniated disc or spinal injury. The prison is also refusing to provide him with a wheelchair.”
The recently surfaced video shows he lacks access to essential medical equipment, including a wheelchair.
The video shows Gambaryan struggling to walk. He repeatedly asks the guard why he is not allowed to use a wheelchair. However, the guard ignores his requests and insists he continue walking with only a single crutch. #Cryptocurrencies
#Law
#Business
#Nigeria
#Binance
#Regulation
newly surfaced video appears to show the harsh treatment of a Binance executive imprisoned in Nigeria, fueling widespread calls for his release as his health continues to deteriorate.
Tigran Gambaryan, Binance’s head of crime compliance, appeared in court after his trial date was brought forward to Sept. 2. Shortly after his court appearance, a disturbing video emerged, prompting Binance CEO Richard Teng to demand Gambaryan’s immediate release.
Sharing the video, Teng wrote in a Sept. 3 X post:
“This inhumane treatment of Tigran must end. He must be allowed to go home for medical treatment and to be with his family.”The video has renewed calls for Gambaryan’s release. He has been detained for more than six months, raising concerns about his access to legal representation and medical care.
The executive was detained in connection with alleged financial crimes involving $34 million related to Binance’s operations in Nigeria.
Related: New Web3 wallet rolls out decentralized crypto inheritance
Gambaryan’s attorney files new motion for bail
During the trial, Gambaryan’s attorney filed a new motion for bail, citing the executive’s deteriorating health.
Lawyers for Nigeria’s Economic and Financial Crimes Commission (EFCC) immediately opposed the motion, arguing that Gambaryan was not in poor health, despite counsel for the government regulator submitting the detained executive’s health records to the court, which indicate that he requires surgery.
The next hearing is set for Sept. 4, when the judge will consider the bail motion.Gambaryan struggles with health issues
Gambaryan’s health is reportedly declining in detention, adding significance to the outcome of the Sept. 4 hearing.
The Binance executive’s family has raised concerns over his worsening health conditions, which they claim are due to prolonged medical negligence. The family said in a shared statement:
“He is no longer able to walk from the pain of his untreated herniated disc or spinal injury. The prison is also refusing to provide him with a wheelchair.”
The recently surfaced video shows he lacks access to essential medical equipment, including a wheelchair.
The video shows Gambaryan struggling to walk. He repeatedly asks the guard why he is not allowed to use a wheelchair. However, the guard ignores his requests and insists he continue walking with only a single crutch. #Cryptocurrencies
#Law
#Business
#Nigeria
#Binance
#Regulation
