No Bail For Tornado Cash Dev Alexey Pertsev, Dutch Court Rules
The continuous legal dispute over the Tornado Cash cryptocurrency mixer has the blockchain sector on alert as developers consider the disturbing consequences of assigning coders responsibility for the usage of their software by others. Related Reading: Binance CEO On Anniversary: 7 Years In, Lots Of Work Ahead The Pertsev Predicament Alexey Pertsev, the 31-year-old Russian […]
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Alexey Pertsev, the developer of the Ethereum-based mixer Tornado Cash, has been granted supervised release after spending many months in a Dutch prison. This decision marks a pivotal moment in the ongoing discourse surrounding privacy tools in the crypto space. “It is not real freedom, but it is better than prison,” Pertsev said. “Today, a […]
Speaking with Cointelegraph, Ksenia Malik stated that Dutch authorities are treating her husband as if he were “were a dangerous criminal” and that the creation of open-source software should never be criminalized. Ksenia Malik, the wife of Tornado Cash creator Alexey Pertsev Wife has lashed out at Dutch authorities for treating her husband like a "dangerous criminal" following his arrest last week. The Dutch Fiscal Information and Investigation Service (FIOD) arrested Pertsev on Aug. 12 over an alleged use of the Ethereum-based privacy tool to launder money and conceal criminal financial....
A judge ruled that the developer must stay in jail for 90 days while awaiting charges and a court date. A judge in the Netherlands ruled that Tornado Cash developer Alexey Pertsev has to stay in jail for 90 more days while waiting for charges. Puzzled by the decision, the crypto community rallied to demand the release of the developer. In a Tweet, crypto investo Ryan Adams argued that the developer did something good for the public as he wrote the code for Tornado Cash. The community member then highlighted that "a few bad guys" decided to use Pertsev’s code and now the developer has to....
As support for Tornado Cash developer Alexey Pertsev mounts, questions regarding the legality of his arrest and the future of DeFi innovation continue to come to the forefront. Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued legal sanctions against digital currency mixer Tornado Cash.As per the regulatory body, since the platform’s inception in 2019, it has been....
Mr. Wonderful thinks that crypto needs more regulation and less “crypto cowboys” like Tornado Cash creator Alexey Pertsev, who he suggested was a necessary sacrifice to create stability for institutional inflows. Clamping down on crypto applications that “mess with the primal forces of regulation” is necessary, says Shark Tank host and millionaire venture capitalist Kevin O’Leary, who argued that Tornado Cash and similar services are preventing real institutional capital from coming into the space.In a discussion on Crypto Banter on Saturday, O’Leary, also known as Mr. Wonderful, suggested....