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Bail denied for Tornado Cash developer in money laundering probe🌪️

Bail denied for Tornado Cash developer in money laundering probe🌪️

The Dutch Court Rejects Bail for Tornado Cash Developer Alexey Pertsev

A recent report from DL News reveals that a Dutch court has denied Tornado Cash developer Alexey Pertsev’s request for bail. This means Pertsev will remain in detention while his appeal process progresses.

The Developer’s Trial and Conviction

  • Arrested in Amsterdam in August 2022 for his involvement in developing the Tornado Cash code
  • Accused of enabling money laundering through the cryptocurrency mixing service
  • Convicted of money laundering in May this year and sentenced to 64 months in prison
  • Maintains that he had no intention of facilitating criminal activities

Government’s Stand on Transparency

During his trial, Pertsev argued that as a coder, he did not have any criminal intent but merely wrote code. However, the Dutch court’s decision to deny his bail request signifies a tough stance on the issue of software developers’ responsibility for their creations.

  • The denial of bail and access to a computer for defense preparation caught Pertsev’s legal team by surprise
  • His lawyer, Judith de Boer, emphasizes the necessity of his release for a fair appeal, noting the case’s significance in establishing developer liability
  • Two other Tornado Cash developers, including co-founder Roman Storm, also faced legal troubles

Community Outrage and Concerns

  • Members of the crypto community have expressed outrage over Pertsev’s arrest and subsequent conviction
  • Many believe the 64-month prison sentence is unjust and sets a troubling precedent
  • Concerns have been raised about the impact on privacy, open-source development, and the overall industry

Industry Experts’ Reactions

Industry experts and professionals have weighed in on Pertsev’s case, highlighting the broader implications of the court’s decision.

  • Pablito, from Blockfence, stresses the importance of privacy as a fundamental human right
  • Web3 expert Alexandre Stachtchenko criticizes the surveillance practices threatening core democratic principles
  • Michelle Weekley of Byte Federal warns of the potential consequences for crypto users and regulations

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Bail denied for Tornado Cash developer in money laundering probe🌪️