Paradigm Donates $1.25 Million to Tornado Cash Developer Roman Storm
Venture capital firm Paradigm plans to support Tornado Cash developer Roman Storm with a $1.25 million donation amid his legal battle against the US prosecution.
- Paradigm co-founder Matt Huang emphasized the case's significance for the broader crypto industry.
- Storm and co-founder Roman Semenov face charges from the US Department of Justice, accused of facilitating money laundering through their platform.
- If convicted, they could each face up to 45 years in prison.
- Storm argues the prosecution aims to criminalize privacy in software development.
- A recent court ruling reversed sanctions on Tornado Cash but denied Storm a motion for reconsideration.
- The trial is scheduled for April 14, 2025.
- Ethereum co-founder Vitalik Buterin and others have rallied for support, calling for intervention from US President Donald Trump.