The pledge, amplified by Ethereum co-founder Vitalik Buterin, comes amid mounting concerns over the implications of his conviction for software developers worldwide.

Storm was recently found guilty in New York of running an unlicensed money transmission operation.

Jurors were unable to agree on money laundering and sanctions-related counts, but prosecutors have accused him of enabling more than $1 billion in illicit transactions, including funds allegedly tied to North Korea’s Lazarus Group.

His legal team plans to challenge the verdict, while advocacy group Free Pertsev & Storm warns that if the appeal fails, Storm could face years behind bars — or decades if other charges are retried. Supporters argue the case sets a dangerous precedent, blurring the line between writing open-source code and running a custodial financial service.

DeFi advocacy groups maintain that developers should not be held liable for how others use noncustodial, peer-to-peer software. As the fundraising effort grows, many in the crypto space see the outcome as a defining moment for privacy tech and decentralized finance.

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Filed under: Bitcoin - @ August 8, 2025 10:30 am