Vitalik Buterin Donated $1M in Ether to Coin Center Hours After Tornado Cash Victory

3 hours ago

Ethereum co-founder Vitalik Buterin donated 320 ether — worthy implicit $1 cardinal — to crypto deliberation vessel Coin Center connected Tuesday night, according to blockchain data.

Buterin’s donation came specified hours aft a U.S. appeals tribunal overturned U.S. sanctions against embattled crypto mixing work Tornado Cash, ruling that Tornado Cash’s astute contracts “are not the spot of a overseas nationalist oregon entity” and frankincense cannot beryllium blocked nether the International Emergency Economic Powers Act (IEEPA). By imposing sanctions connected Tornado Cash, the Treasury Department’s Office of Foreign Asset Control (OFAC) “overstepped its congressionally defined authority,” the tribunal ruled.

Read more: Tornado Cash Sanctions Overturned by U.S. Appeals Court

Coin Center has been a cardinal subordinate successful the crypto industry’s combat against the U.S. government’s sanctions against Tornado Cash. OFAC sanctioned Tornado Cash successful August 2022, claiming it helped to launder much than $7 cardinal successful cryptocurrency, including hundreds of millions of dollars stolen by North Korea’s notorious hacking group, the Lazarus Group.

In October 2022, Coin Center filed suit against Treasury Secretary Janet Yellen, the Treasury Department, OFAC and OFAC’s then-Director Andrea Gacki accusing them of overstepping their authorization and violating the First Amendment successful sanctioning Tornado Cash. When a territory tribunal justice dismissed the lawsuit a twelvemonth later, Coin Center appealed his ruling with a higher court, the U.S. Court of Appeals for the Eleventh Circuit. That lawsuit is inactive ongoing.

In summation to warring sanctions against Tornado Cash, Coin Center has been progressive successful the defence of Tornado Cash’s developers, filing an amicus brief successful enactment of developer Roman Storm’s question to disregard the government’s lawsuit against him.

Though Buterin hasn’t been arsenic straight progressive successful the Tornado Cash cases arsenic Coin Center, helium has made his enactment — for some the mixing work itself arsenic good arsenic its embattled developers — clear. Shortly aft OFAC archetypal sanctioned Tornado Cash, Buterin publicly stated that he’d utilized the service to donate wealth to Ukraine. Earlier this year, helium donated 30 ETH, worthy implicit $100,000, to the ineligible defence money for Storm and chap developer Roman Semenov.

Buterin did not respond to CoinDesk’s petition for comment.

View source