Arbitrum DAO revokes proposal for million-dollar donation to Tornado Cash devs over legal concerns | Headlines | News | CoinMarketCap
03/11/2024 06:30
An ArbitrumDAO proposal to donate up to $1.28 million in crypto toward Tornado Cash developers’ Roman Storm and Alexey Pertsev's fight against …
An ArbitrumDAO proposal to donate up to $1.28 million in crypto toward Tornado Cash developers’ Roman Storm and Alexey Pertsev's fight against criminal charges has been deleted by its author, as token holders voiced concerns over whether such a donation might pose legal risks, sources familiar with the matter told The Block.
The proposal from Arbitrum contributor ImmutableLawyer, published on Wednesday, set forth a plan to pledge between 200,000 and 600,000 ARB (about $400,000-$1.2 million) to a legal defense fund for Storm and Pertsev, who are facing criminal charges for writing software for Tornado Cash, a smart contract protocol that makes crypto transactions on Ethereum difficult to track, Unchained reported on Friday. A third cofounder, Roman Semenov, who was charged alongside …