Ethereum Foundation Launches Funding for Tornado Cash Developers

News Flash 2025-10-10 21:17

The Ethereum Foundation has unveiled a new funding mechanism to bolster privacy initiatives within the Ethereum ecosystem. In collaboration with Keyring Network, the Ethereum Grants Coordination team has introduced zkVerified permissioned vaults on Keyring’s mainnet, offering compliant and privacy-preserving access to DeFi lending markets. For the initial two months, all protocol fees from these vaults will be directed to the legal defense funds of Roman Storm and Alexey Pertsev, developers of Tornado Cash, who are currently facing trial for publishing open-source code. This initiative allows early users of the vaults to contribute directly to the legal protection of privacy-focused developers.

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