The proposal to fund Tornado Cash on Arbitrum DAO has been deleted! GoFundMe ends fundraising

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) banned the currency mixing protocol Tornado Cash in August 2022 for assisting money laundering, violating sanctions, and operating an unlicensed remittance business. It was placed on the sanctions list and its co-founder and developer Alexey Pertsev was arrested, followed by criminal proceedings in 2023 against the other two co-founders Roman Storm and Roman Semenov. The trials of arrested Pertsev and Storm are expected to be held in March and September respectively.

Storm recently released a video to raise funds to support his and Pertsev’s legal defense, a move that has received widespread attention and support, even from Ethereum co-founder Vitalik Buterin People including Bankless also donated money.

The proposal to fund Tornado Cash on Arbitrum DAO was deleted

On March 6, Joseph, a contributor to the Arbitrum ecosystem, revealed that he had A governance proposal launched on the Arbitrum forum to fund Storm and Pertsev’s legal defense costs. According to the proposal, the funding program will donate up to 600,000 ARB tokens in the first year, worth more than $1.2 million.

In addition, the funds will be used to conduct public relations and promotional activities to increase public understanding of privacy protection technologies and developers’ legal responsibilities.

The proposal has launched voting on the off-chain governance platform SnapShot on the 7th. Users can vote for three different funding levels, ranging from 200,000 to 600,000 ARB. As of March 14, more than 80% of the votes had been cast for the top tier.

##The original Tornado Cash funding proposal on Snapshot (now deleted)

However, the proposal was deleted yesterday. Joseph emphasized that this was a decision he made on his own, but did not specify the specific reasons. He only said that the proposal was removed to allow for further discussions with representatives and Alexey and Roman’s lawyers to explore the appropriate way to contribute.

This may indicate that when deciding how to raise legal defense funds for Tornado Cash, Joseph believes that there needs to be more in-depth communication and discussion to ensure that the donation method is appropriate and effective.

GoFundMe ends fundraising for Tornado Cash

Not only that, the developers of Tornado Cash are facing other financial setbacks. The project previously raised funds through the Juicebox and GoFundMe platforms to support Pertsev and Storm. However, on the 14th, GoFundMe terminated its fundraising activities on the grounds of violating Article 22 of the platform's terms of service. The clause states: GoFundMe reserves the right, at its sole discretion, to remove any content that may be deemed (a) inappropriate or objectionable; (b) restrict or interfere with others’ use or enjoyment of the Service; or (c) expose GoFundMe, its employees or users to any form of injury or liability.

With the cancellation of the GoFundMe campaign, many donors including Bankless founder Ryan Adams are seeing their donations returned, but Ryan Adams promised to use cryptocurrency to The initial $10,000 donation was returned to Storm, who said: "Thankfully we have an uncensorable monetary system, so we can still fund civil liberties, such as the right to a fair trial."

So far $1.489 million raised

The GoFundMe platform successfully raised $30,000 in donations during its operation, although these funds were refunded , but the Juicebox platform has so far raised 386.01 Ethereum coins, equivalent to approximately US$1.489 million, close to the US$1.5 million fundraising goal set by Storm and Pertsev.

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