No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, May 13, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Roman Storm Urges Crypto Community To Donate $500k

by TheAdviserMagazine
10 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
Roman Storm Urges Crypto Community To Donate 0k
Share on FacebookShare on TwitterShare on LInkedIn


Roman Storm, the co-founder of the crypto mixing service Tornado Cash, has asked for help to raise an immediate $500,000 ahead of his trial on Monday on charges of money laundering and sanctions violations.

Storm posted on X on Saturday that he faces a “critical shortfall” and needs to raise $500,000 in the next few days, and will need another $1 million within the next few weeks to cover the cost of his legal battle.

“My team is working nonstop to defend code as free speech, protect software development, and push back against government overreach that threatens us all,” he added.

Source: Roman Storm

In May, Free Pertsev & Storm, an organization set up to provide legal aid to the Tornado Cash founders, projected that the total legal costs for Storm’s trial would be $2 million.

However, Storm said on Friday that his legal fees will mount to $3.5 million as his trial could last up to four weeks, double the initially anticipated two weeks, due to “complex legal arguments and unforeseen witnesses and evidence.”

Storm was arrested in August 2023 on counts of money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate US sanctions and faces up to 45 years in prison if found guilty.

On Friday, Storm’s legal team attempted to postpone the trial, arguing that prosecutors disclosed a witness after the scheduled deadline had ended.

The judge overseeing Storm’s criminal trial, Judge Katherine Failla, said she would not allow any mention of the US Treasury’s sanctions levied against Tornado Cash, which were withdrawn in March.

Related: Ethereum Foundation pledges $500K to Roman Storm’s defense

In April, the crypto lobbying group the DeFi Education Fund petitioned the Trump administration to end the so-called “lawless prosecution” of open-source software developers, including Roman Storm.

57% of goal raised for Tornado Cash trial

Storm is attempting to raise $3.5 million in total. At the time of writing, Storm has managed to raise $1.96 million, approximately 57% of the goal.

Since the donations are made in Ether (ETH), the amount raised can fluctuate. Currently, ETH is trading at $3,030, up 2.9% in the past 24 hours, according to Nansen.

Last month, the Ethereum Foundation said it would donate $500,000 and match community donations up to $750,000 for Storm’s legal defense.

MetaCartel’s Bill Warren said that the MetaCartel DAO has given all the funds it had left in its treasury to support the cause.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users



Source link

Tags: 500KCommunityCryptodonateRomanStormurges
ShareTweetShare
Previous Post

Gold prices hit 3-week high at Rs 98,132/10 grms, silver surges to record. Here’s how to trade

Next Post

Alibaba-backed Moonshot releases Kimi K2 AI rivaling ChatGPT, Claude

Related Posts

edit post
BREAKING: First Eagle Becomes Strategy Inc’s (MSTR) Largest Investor, Surpassing Vanguard

BREAKING: First Eagle Becomes Strategy Inc’s (MSTR) Largest Investor, Surpassing Vanguard

by TheAdviserMagazine
May 13, 2026
0

First Eagle Investment Management discloses a massive investment in Bitcoin treasury firm Strategy Inc (NASDAQ: MSTR). The firm surpasses Vanguard...

edit post
First Hyperliquid ETF Launch: Day One Volume Hits .8M–Key Details

First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details

by TheAdviserMagazine
May 12, 2026
0

The first Hyperliquid ETF officially began trading on Tuesday, and early signs suggest it cleared a key hurdle for a...

edit post
Will BTC Hit Six Figures? Analyzing Prediction Market Odds on Kalshi, Polymarket, Limitless, and More – Bitcoin News

Will BTC Hit Six Figures? Analyzing Prediction Market Odds on Kalshi, Polymarket, Limitless, and More – Bitcoin News

by TheAdviserMagazine
May 12, 2026
0

Key TakeawaysPolymarket traders assign a slim 11% chance that bitcoin hits $150,000 by December 31, 2026.Kalshi data shows a 47%...

edit post
Circle adds  billion Wall Street Arc token risking an uncomfortable rivalry with Coinbase

Circle adds $3 billion Wall Street Arc token risking an uncomfortable rivalry with Coinbase

by TheAdviserMagazine
May 12, 2026
0

Make CryptoSlate preferred on Circle's $222 million ARC token presale has given Wall Street a new way to value the...

edit post
XRP ETF Cumulative Inflows Hit All-time Highs: Will It Trigger a Price Rally?

XRP ETF Cumulative Inflows Hit All-time Highs: Will It Trigger a Price Rally?

by TheAdviserMagazine
May 12, 2026
0

XRP (XRP) price is down 3.2% in the past 24 hours and 6% below its recent high of $1.50 to...

edit post
Morgan Stanley sees ‘spicier’ CPI as inflation week kicks off

Morgan Stanley sees ‘spicier’ CPI as inflation week kicks off

by TheAdviserMagazine
May 12, 2026
0

Morgan Stanley’s macro strategy team is warning investors to brace for a hotter-than-expected Consumer Price Index report on Tuesday, using...

Next Post
edit post
Alibaba-backed Moonshot releases Kimi K2 AI rivaling ChatGPT, Claude

Alibaba-backed Moonshot releases Kimi K2 AI rivaling ChatGPT, Claude

edit post
Seven consortia enter Gush Dan congestion charge tender

Seven consortia enter Gush Dan congestion charge tender

  • Trending
  • Comments
  • Latest
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Florida Warning: With Senior SNAP Benefits Averaging 8/Month, Thousands Risk Losing Assistance in 2026

Florida Warning: With Senior SNAP Benefits Averaging $188/Month, Thousands Risk Losing Assistance in 2026

April 27, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

April 29, 2026
edit post
NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

April 23, 2026
edit post
States With No Income Tax

States With No Income Tax

0
edit post
Four ways to create a lasting cost advantage from AI

Four ways to create a lasting cost advantage from AI

0
edit post
Traders believe inflation could near 5% this year

Traders believe inflation could near 5% this year

0
edit post
BREAKING: First Eagle Becomes Strategy Inc’s (MSTR) Largest Investor, Surpassing Vanguard

BREAKING: First Eagle Becomes Strategy Inc’s (MSTR) Largest Investor, Surpassing Vanguard

0
edit post
Your New Medical Problem: Where Are All These New Diseases Coming From?

Your New Medical Problem: Where Are All These New Diseases Coming From?

0
edit post
Coca-Cola (KO): Der Softdrink-Gigant sammelt Kraft für den nächsten Sprung!

Coca-Cola (KO): Der Softdrink-Gigant sammelt Kraft für den nächsten Sprung!

0
edit post
Four ways to create a lasting cost advantage from AI

Four ways to create a lasting cost advantage from AI

May 13, 2026
edit post
BREAKING: First Eagle Becomes Strategy Inc’s (MSTR) Largest Investor, Surpassing Vanguard

BREAKING: First Eagle Becomes Strategy Inc’s (MSTR) Largest Investor, Surpassing Vanguard

May 13, 2026
edit post
Coca-Cola (KO): Der Softdrink-Gigant sammelt Kraft für den nächsten Sprung!

Coca-Cola (KO): Der Softdrink-Gigant sammelt Kraft für den nächsten Sprung!

May 13, 2026
edit post
Retaining The Next Gen In The “Great Wealth Transfer”: Planning Opportunities To Build Relationships With Clients’ Heirs

Retaining The Next Gen In The “Great Wealth Transfer”: Planning Opportunities To Build Relationships With Clients’ Heirs

May 13, 2026
edit post
Oil little changed as Trump heads to China

Oil little changed as Trump heads to China

May 13, 2026
edit post
Links 5/13/2026 | naked capitalism

Links 5/13/2026 | naked capitalism

May 13, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Four ways to create a lasting cost advantage from AI
  • BREAKING: First Eagle Becomes Strategy Inc’s (MSTR) Largest Investor, Surpassing Vanguard
  • Coca-Cola (KO): Der Softdrink-Gigant sammelt Kraft für den nächsten Sprung!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.