Ethereum Foundation Donates $1.25 Million for Tornado Cash Developer Alexey Pertsev’s Legal Defense

On February 26, the Ethereum Foundation made a significant announcement regarding the legal battle of Tornado Cash developer Alexey Pertsev. The foundation has committed to a donation of $1.25 million to support Pertsev’s legal defense. This move underscores the foundation’s stance on privacy in the digital age, emphasizing that “privacy is normal,” and asserting that “writing code is not a crime.” This financial backing highlights a growing concern within the cryptocurrency community about the implications of legal actions against developers. By championing Pertsev’s case, the Ethereum Foundation aims to protect the principles of innovation and privacy that are vital to the crypto ecosystem. As regulatory scrutiny increases, such actions may shape the future landscape of decentralized finance and the rights of developers.