Ethereum Foundation, Keyring launch legal defense fund for Tornado Cash developers

The Ethereum Foundation and Keyring have launched a legal defense fund for the developers of the cryptocurrency mixer Tornado Cash, The Block reported. The fund has raised over $22,000 to date. Tornado Cash developer Roman Storm was indicted in 2023 on charges of conspiracy to commit money laundering and sanctions violations. The indictment has drawn criticism from the cryptocurrency industry, with many arguing that such actions stifle innovation in the sector.