Trusted

Tornado Cash Developer Alexey Pertsev Seeks $1 Million for Legal Defense

2 mins
Updated by Lynn Wang
Join our Trading Community on Telegram

In Brief

  • Alexey Pertsev, a developer of Tornado Cash, is actively raising funds to support his legal defense
  • Pertsev is seeking to raise between $750,000 and $1 million for his defense in the Netherlands.
  • Pertsev's case has sparked broader concerns about the criminalization of open-source development.
  • promo

Alexey Pertsev, a developer of Tornado Cash, is actively seeking financial support to sustain his legal battle in the Netherlands.

On August 10, Pertsev publicly appealed for funds through a video on the social media platform X (formerly Twitter).

Tornado Cash Dev Wants to Raise $1 Million

Pertsev, who has been sentenced to five years in prison, is aiming to raise between $750,000 and $1 million to cover his legal expenses. A support account on X confirmed the appeal, highlighting the significant resources behind the government prosecution against him.

The campaign urges supporters to donate Ethereum via the decentralized fundraiser Juicebox. The campaign team also emphasizes that Pertsev is fighting for his freedom and the broader principles of privacy and open-source development.

“If you believe developers shouldn’t face jail time for their code, please consider donating ETH,” the Juicebox campaign stated.

Read more: Tornado Cash: Everything You Need To Know

Tornado Cash Pertsev's Defense Fund.
Tornado Cash Pertsev’s Defense Fund. Source: Juicebox

Early responses from the crypto community are promising. The “Defend Alexey” fundraiser on Juicebox has already collected 15.35 Ethereum, worth over $40,000. Additionally, privacy researcher Ameen Soleimani has launched a limited edition NFT collection to support Pertsev’s legal defense.

These fundraising efforts build on previous support from the crypto community. Notably, Ethereum co-founder Vitalik Buterin had previously donated more than $100,000 to support Pertsev and his colleague Roman Storm, who is currently held in the US.

Privacy advocates and the blockchain community have closely scrutinized Pertsev’s case, worrying about the broader implications for developers if others misuse their code. Daniel Buchner, Head of Decentralized Identity at Block, has criticized the idea that developers should face criminal or civil liability for the misuse of their open-source software.

“That Alex’s code was primarily used for shitcoins is irrelevant, everyone who cares about justice and human freedom must fight the insane, authoritarian idea that people using open source software in a way the government doesn’t like makes the developer criminally/civilly liable,” Buchner stated.

Read more: Top 7 Privacy Coins in 2024

Meanwhile, regulators worldwide have increased scrutiny of privacy protocols over the past year. They argue that terrorist organizations and rogue states like North Korea exploit these technologies to conceal illicit digital assets.

As a result, the US government has initiated legal actions against several crypto privacy service providers, including the co-founders of Samourai Wallet, for alleged violations of local laws.

Top crypto projects in the US | November 2024
Coinbase Coinbase Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
3Commas 3Commas Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | November 2024
Coinbase Coinbase Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
3Commas 3Commas Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | November 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Oluwapelumi-Adejumo.png
Oluwapelumi Adejumo
Oluwapelumi Adejumo is a journalist at BeInCrypto, where he reports on a broad range of topics including Bitcoin, crypto exchange-traded funds (ETFs), market trends, regulatory shifts, technological advancements in digital assets, decentralized finance (DeFi), blockchain scalability, and the tokenomics of emerging altcoins. With over three years of experience in the industry, his works have been featured in major crypto media outlets such as CryptoSlate, Coinspeaker, FXEmpire, and Bitcoin...
READ FULL BIO
Sponsored
Sponsored