Tornado Cash developer Alexey Pertsev sentenced to 64 months: report

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The Block2024/05/14 13:10

By:The Block

Quick Take Tornado Cash developer Alexey Pertsev was convicted on money laundering charges. A panel of Dutch judges has sentenced Pertsev to 64 months in prison.

Tornado Cash developer Alexey Pertsev sentenced to 64 months: report image 0

Tornado Cash developer Alexey Pertsev was convicted on money laundering charges.

A Dutch court convicted Pertsev, 31, of laundering $1.2 billion in crypto through the Tornado Cash mixer between July 9, 2019, and Aug. 10, 2022, DL News reported .

A three-judge panel sentenced the developer to five years and four months in prison.

“Tornado Cash in its nature and functioning is a tool intended for criminals,” one of the judges overseeing the case reportedly said.

The Russian national's legal team has 14 days to appeal the decision.

Pertsev’s representatives did not immediately return a request for comment.

Pertsev is one of several targeted for their role in developing Tornado Cash. The platform's co-founder, Roman Storm, is facing similar charges in the U.S. for his role in shepherding the controversial software’s development. His trial is scheduled to go before a federal court in New York in September.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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