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Tornado Cash dev Alexey Pertsev seeks more funding for legal appeal

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Alexey Pertsev, the developer behind the Tornado Cash privacy tool, is seeking financial backing to support his ongoing legal appeal. Pertsev, who has faced legal challenges related to his involvement with the cryptocurrency mixer, is now turning to the public for assistance in funding his defense.

Pertsev’s legal troubles began after his arrest in August 2022, following the U.S. Treasury Department’s sanctions against Tornado Cash, citing its alleged use for money laundering. Despite the charges, Pertsev has maintained that he is not responsible for the misuse of the tool and is contesting the legal actions taken against him.

In response to the mounting legal costs, Pertsev has launched a crowdfunding campaign aimed at raising funds to cover his legal expenses. The campaign seeks to garner support from the crypto community and beyond, highlighting the broader implications of the case for privacy and decentralization in the digital space.

The legal appeal is crucial for Pertsev, as it could potentially overturn previous rulings and influence the future of privacy-focused technologies. His supporters argue that the case raises significant questions about the regulation of blockchain tools and the boundaries of responsibility for developers.

Pertsev’s call for financial support has received a mixed response, with some expressing solidarity and others questioning the broader implications of his legal battles. The outcome of his appeal could set important precedents for the intersection of cryptocurrency regulation and privacy rights.

As Pertsev continues to navigate his legal challenges, the success of his crowdfunding effort will be closely watched by both his supporters and industry observers, who are keenly interested in the implications of the case for the future of privacy in the digital age.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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