Arbitrum Community Abandons Donation Proposal to Tornado Cash Developers Due to Legal Concerns

According to BlockBeats, on March 11th, informed sources revealed that the Arbitrum community members abandoned a proposed donation to Tornado Cash developers due to concerns about potential legal risks the proposal might bring to the project. ArbitrumDAO had proposed donating up to $1.28 million in ARB tokens to Tornado Cash developers Roman Storm and Alexey Pertsev, who are facing criminal charges. However, the proposal was withdrawn by its author as token holders expressed concerns about whether such donations would bring legal risks. Previously, the Arbitrum community initiated a voting proposal to fund the legal defense of Tornado Cash co-founder Roman Storm and developer Alexey Pertsev. The proposal stated that Tornado Cash is a beacon of privacy and security in the crypto industry, providing users with a reliable way to conduct private transactions on the Ethereum blockchain.