Ethereum 
$2,423Vitalik Buterin, one of the co-founders of , sold some of his popular meme coins and donated the money to the “Free Alexey & Roman” campaign. According to the latest network data, Buterin converted meme coins like MOODENG and NEIRO into Ethereum and used the proceeds for Tornado Cash developers.
Meme Coin Sales
Buterin obtained a total of 140.7 Ether by selling recently popular meme coins such as MOODENG, DEGEN, NEIRO and KOBASU. While NEIRO price increased by 215% last week, MOODENG also attracted attention with an increase of 1685% within the month. Especially MOODENG investors made high profits in a short time.
Buterin donated all of his meme coin revenues, which he converted into Ether, to the “Free Alexey & Roman” charity campaign. This campaign raises funds for the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm.
Role of Tornado Cash
Tornado Cash is a cryptocurrency mixer that allows users to anonymize their transactions on the Ethereum blockchain. According to the latest report shared by Certik, in the third quarter Tornado Cash was used to launder approximately $287 million in stolen funds. This shows that Tornado Cash is preferred by cybercriminals to launder money.
Vitalik Buterin spoke out against the unlawful detention of Tornado Cash developers and defended the use of crypto privacy tools.
Buterin has also donated to the release of Tornado Cash developers in the past. With the donation he made in May, he supported the campaign with over $100,000. As a respected figure within the Ethereum community, Buterin’s move sparked widespread publicity.
Developers of Tornado Cash are facing legal trouble for their role in creating a privacy-focused cryptocurrency mixer that can be traded hogy. A lawsuit is expected to be filed in New York District Court in December.
These donations from Buterin continue to be an important topic of discussion regarding privacy and legal issues in the cryptocurrency world. While some circles think that such tools are useful for privacy, many argue that they make the job of criminals easier. We talked about the vital problems that disclosure of investors’ assets could cause, especially in many cryptocurrency physical extortion cases this year, and wrote that mixers may remain an important need in the future.
As a result, Vitalik Buterin’s meme coin sales and donations to Tornado Cash developers have sparked new discussions in the cryptocurrency community about the importance of privacy and legal issues. Such movements will continue to shape the future direction of the crypto ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
