Ethereum Foundation pledges $1.25M to Tornado Cash developer’s defense

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Ethereum Foundation has donated $1.25 million to support Tornado Cash developer

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A Russian national and resident of the Netherlands, Pertsev was found guilty of money laundering by a Dutch court in May 2024 and sentenced to five years and four months in prison.

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In addition to Pertsev’s ongoing legal action in the Netherlands, global authorities, including the United States Department of the Treasury’s Office of Foreign Assets Control, sanctioned Tornado Cash in August 2022. The agency overturned the sanctions the day after Donald Trump was sworn in as the 47th president on Jan. 20.

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