Popular Altcoin Withdraws $1.3 Million Tornado Cash Fundraiser! Here’s Why!

It was launched in 2023 and is a favorite of investors with its performance after the airdrop. from altcoins who managed to be one ArbitrumAn important Tornado Cash decision came from.

Before ArbitrumDAO proposal to donate $1.3 million ARB to support Tornado Cash developers Roman Storm and Alexey Pertsev’s legal defense against criminal charges has been withdrawn.

Sources with knowledge of the matter said the ArbitrumDAO offer was deleted by the bidder because ARB owners expressed concerns about whether such a donation would pose legal risks.

The offer, submitted by Arbitrum investor Joseph Axisa, is for WeWantJusticeDAO, the legal defense fund of Tornado Cash developers Roman Storm and Alexey Pertsev, who are facing some criminal charges. Between 200,000 ARB and 600,000 ARB tokens (equivalent to approximately $400,000-$1.2 million) It included forgiveness.

An Arbitrum representative confirmed in a statement to The Block that the offer was removed at the request of owner Joseph Axisa.

As you may remember, the US Department of Justice (DOJ) accused the developers of Tornado Cash for facilitating the laundering of more than $1 billion in money. Within the scope of these accusations, Tornado Cash developer Roman Storm was arrested.

*This is not investment advice.

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