Posted 1/23/2024, 10:01:02 PM
Snowden Backs Tornado Cash Founder's Legal Fund, Decries 'Attack on Privacy' After Crypto Mixer Bust
- Edward Snowden endorsed the legal defense fund for Tornado Cash founder Roman Storm, who was arrested for money laundering
- Tornado Cash was a popular Ethereum mixing service that allowed anonymous transactions before being banned by the US government
- The US alleges Storm and others laundered over $1 billion in criminal proceeds through Tornado Cash
- Snowden called the arrests a "direct attack on the open-source development space" that could have devastating consequences
- Snowden advocates for privacy coins like Zcash and has pointed out Bitcoin's lack of privacy due to its public ledger