Plato Data Intelligence.
Vertical Search & Ai.

Tornado Cash developer Alexey Pertsev to remain in jail until February

Date:

Alexey Pertsev, a developer of the now-sanctioned crypto mixer Tornado Cash, has been ordered to stay in jail until Feb. 20 at least, Dutch public prosecutor Martine Boerlage ruled at Tuesday’s hearing.

See related article:Tornado Cash Debate – The Role of Law

Fast facts

  • For the first time since his arrest, Pertsev was officially accused of money laundering charges, due to contributing to the Tornado Cash protocol’s code. 
  • The court in the Netherlands found that the Russian developer represented a flight risk and denied releasing him on bail.
  • Boerlage refused to entertain arguments about the protocol’s decentralization, alleging that Persev and others were in control of the crypto mixer.
  • The prosecutor also accused Pertsev, along with two other developers Semenov and Storm, of holding so many governance tokens that they could “always outvote everyone else,” in governance proposals. 
  • Pertsev was arrested in August, a few days after the U.S. Treasury sanctioned the Tornado Cash protocol for allegedly being used by North Korean hackers to launder over a billion dollars worth of digital assets.  
  • Pertsev’s case has sparked concern among Web 3.0 and open-source software developers, as other developers could also be held responsible for how their code is used.  

See related article: Ethereum price undervalued since The Merge: report

spot_img

Latest Intelligence

spot_img

Latest Intelligence

spot_img

Latest Intelligence

spot_img