Crypto industry rallies behind Tornado Cash With Funding

August 29, 2025

, By Cointelegraph

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The Solana Policy Institute, a nonprofit Solana advocacy group, has pledged $500,000 toward the legal defense of Tornado Cash co-founders Roman Storm and Alexey Pertsev, adding to growing financial support from the crypto community.

Storm was found guilty of data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/tornado-cash-roman-storm-found-guilty-partial-verdict” title=”null”>operating an unlicensed money-transmitting business on Aug. 6, while Pertsev was found guilty in 2024 of money laundering in connection with developing Tornado Cash, a protocol allowing users to mask the origin and destination of their crypto.

The Solana Policy Institute data-ct-non-breakable=”null” href=”https://www.solanapolicyinstitute.org/blog/spi-announces-500-000-donation-to-roman-storm-and-alexey-pertsevs-legal-defense-funds” rel=”noopener nofollow” target=”_blank” title=”null”>said in a statement on…

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Crypto industry rallies behind Tornado Cash With Funding

August 29, 2025

, Published By Cointelegraph

The Solana Policy Institute, a nonprofit Solana advocacy group, has pledged $500,000 toward the legal defense of Tornado Cash co-founders Roman Storm and Alexey Pertsev, adding to growing financial support from the crypto community.

Storm was found guilty of data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/tornado-cash-roman-storm-found-guilty-partial-verdict” title=”null”>operating an unlicensed money-transmitting business on Aug. 6, while Pertsev was found guilty in 2024 of money laundering in connection with developing Tornado Cash, a protocol allowing users to mask the origin and destination of their crypto.

The Solana Policy Institute data-ct-non-breakable=”null” href=”https://www.solanapolicyinstitute.org/blog/spi-announces-500-000-donation-to-roman-storm-and-alexey-pertsevs-legal-defense-funds” rel=”noopener nofollow” target=”_blank” title=”null”>said in a statement on…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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