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Post: GoFundMe Cancels Crowdfunding for Tornado Cash Legal Battle: A Look at Challenges Faced by Crypto Projects

GoFundMe Cancels Crowdfunding for Tornado Cash Legal Battle: A Look at Challenges Faced by Crypto Projects

Key Points:

  • The crowdfunding campaign for the Tornado Cash legal battle was canceled by GoFundMe.
  • GoFundMe cited a breach of the platform’s terms of service as the reason for the cancellation.
  • All contributions made to the fundraiser were returned to the respective donors.

GoFundMe Cancels Crowdfunding for Tornado Cash Legal Battle

American crowdfunding platform GoFundMe has canceled a fundraiser that was launched to collect legal fees for the co-founder of cryptocurrency mixer Tornado Cash, Roman Storm, and its developer, Alexey Pertsev. The cancellation was due to a breach of GoFundMe’s terms of service. The platform stated that all contributions made to the fundraiser have been returned to the respective donors, and the funds will arrive in their bank accounts within 3-7 business days.

Hot Take:

The cancellation of the crowdfunding campaign by GoFundMe highlights the challenges that cryptocurrency-related projects face in accessing financial support through traditional platforms. This incident underscores the need for suitable crowdfunding alternatives that specifically cater to the crypto community and their legal battles.

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