Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Tornado Cash developer Alexey Pertsev appeals conviction: report

Tornado Cash developer Alexey Pertsev appeals conviction: report

The BlockThe Block2024/05/16 13:34
By:The Block

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

Tornado Cash developer Alexey Pertsev appeals conviction: report image 0

Tornado Cash developer Alexey Pertsev has appealed his conviction in the Netherlands on money laundering charges.

Pertsev filed an appeal with the s-Hertogenbosch Court of Appeal, CoinDesk reported . However, the court did not confirm if the appeal had been approved, and it could take several months before any such hearing takes place.

The Block reached out to the s-Hertogenbosch Court of Appeal and Pertsev’s legal team for comment.

Pertsev sentenced to 64 months

Pertsev was sentenced to 64 months in prison by a Dutch court on Tuesday for facilitating $1.2 billion in money laundering through the crypto mixer between July 2019 and August 2022.

Pertsev was escorted to prison immediately following the verdict but could request to await an appeal trial at home, according to CoinDesk.

Tornado Cash is a decentralized protocol designed to enhance transaction privacy on the Ethereum blockchain, allowing users to make anonymous transfers.

While private financial transactions are not inherently illegal, platforms like Tornado Cash have been abused by some users for money laundering purposes.

One of the judges reportedly characterized Tornado Cash as primarily a tool for criminal activity, highlighting the legal perspective that influenced Pertsev’s conviction.

Tornado Cash co-founder Roman Storm also faces similar charges in the U.S. for his role in shepherding the software’s development, with a trial set for September.


0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SEC sues Elon Musk over delayed disclosure of Twitter stake

Share link:In this post: The Securities and Exchange Commission has sued Elon Musk, accusing him of securities fraud linked to his $44 billion takeover of Twitter, now known as X. The regulatory body alleges Musk unjustly gained $150 million by withholding his purchase details. Musk’s lawyer, Alex Spiro, characterized the lawsuit as a “sham.”

Cryptopolitan2025/01/15 04:00

Ethereum cope to counter worries that ETH is doomed

A theory on why the overperformance of rivals has little to do with Ethereum itself

Blockworks2025/01/15 04:00