BEAMSTART Logo

HomeNews

Ethereum Foundation Donates $1.25 Million To Tornado Cash Developer’s Legal Defense

Bitcoinist LogoBitcoinist12h ago

Ethereum Foundation Donates $1.25 Million To Tornado Cash Developer’s Legal Defense - Bitcoinist

Quick Summary:

The Ethereum Foundation (EF) is donating more than a million dollars to help Tornado Cash developer Alexey Pertsev with his legal defense.

The contribution follows the developer’s supervised release to prepare to appeal his money laundering conviction in the Netherlands.

In May 2024, the developer was found guilty of money laundering by the s-Hertogenbosch Court of Appeal and was sentenced to 5 years in prison.

More Pictures

Ethereum Foundation Donates $1.25 Million To Tornado Cash Developer’s Legal Defense - Bitcoinist (Picture 1)Ethereum Foundation Donates $1.25 Million To Tornado Cash Developer’s Legal Defense - Bitcoinist (Picture 2)

or

Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 10:00:22 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26473463

View Article Analysis

About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Ethereum Foundation Donates $1.25 Million To Tornado Cash Developer’s Legal Defense" has 552 words across 35 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Ethereum Foundation Donates $1.25 Million To Tornado Cash Developer’s Legal Defense" was covered 12 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 16 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #26473463
  • URL: https://chronographically.beamstart.com/news/ethereum-foundation-donates-125-million-1740650722

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.