The Ethereum Foundation has donated $500,000 to support Roman Storm, co-founder of Tornado Cash, as he prepares for his trial starting July 14 in New York. Storm has expressed that a loss in this case could have dire consequences for decentralized finance (DeFi).

Dragonfly Ventures is reportedly under consideration for charges by the U.S. government due to its early investment in Tornado Cash, a cryptocurrency mixing service. The government's scrutiny is part of an ongoing legal battle involving Tornado Cash co-founder Roman Storm, who faces serious allegations related to money laundering and sanctions violations.

Roman Storm, a developer involved with the decentralized cryptocurrency mixer Tornado Cash, was found guilty on one count in a federal case regarding violations of anti-money laundering laws. This case highlights ongoing legal challenges faced by developers in the cryptocurrency space as regulators scrutinize decentralized finance technologies.