Arbitrum DAO votes on $1M fund for Tornado Cash devs' legal defense
The Arbitrum community is voting on a proposal to fund a “robust legal defense” for Tornado Cash developers Roman Storm and Alexey Pertsev.
The Arbitrum DAO is voting to fund the legal defense costs of Tornado Cash’s developers. If approved, the community would donate up to 600,000 ARB tokens in the first year, worth nearly $1.3 million at the time of writing.
A proposal submitted on March 7 by pseudonymous delegate DK seeks to fund a “robust legal defense” for Roman Storm and Alexey Pertsev, the developers behind the crypto mixer Tornado Cash. In addition, the funds could be used for public relations and advocacy efforts promoting awareness around privacy-preserving technologies and legal burdens for developers.
The proposal sets three tiers for voting under different funding levels, ranging from 200,000 to 600,000 ARB. To date, more than 80% of the votes have been cast for the highest tier. The deadline for voting is March 14.
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