Wed 23 Nov 2022 ▪ 18:00 ▪
min read – from
After more than three months of detention in the Netherlands, Tornado Cash developer Alexey Pertsev has been given an appointment before prosecutor Martine Boerlage. The defendant has been in prison since August on money laundering charges. He allegedly stole nearly a billion dollars worth of cryptocurrencies via the Tornado protocol. This laundered money would be used to support North Korean pirates. Since then, he has continued to proclaim his innocence. His last hope to get out of prison before the end of this year has not come true.
Tornado Cash’s Alexey Pertsev won’t be free until 2023
If he counted on the indulgence of the Dutch prosecutor Martine Boerlage to find his freedom, Alexey Pertsev, the developer of Tornado Cash, will have to revise its plans. Indeed, the court did not act on her wish to leave. The facts of which he is accused seem more serious than expected for a few weeks. Last August, this Russian resident in the Netherlands was charged with suspicion crypto money laundering to finance the pirate North Koreans.
Later, the United States Treasury he used his sanctioning power against Tornadoes. According to the American institute, the platform would have contributed to laundering more than a billion dollars of cryptocurrencies. The court will not make concessions in this case. Tornado Cash developer is said to be at risk of losses.
Before this hearing on Tuesday, Martine Boerlage had never spoken about money laundering. Plus, she hasn’t communicated enough on the subject, not even in her press releases. Pertsev’s argument that Tornado Cash is a decentralized protocol beyond his control is unconvincing. The magistrate intends to keep him in prison at least until February.
In short, this decision is controversial. Tornado Cash developer’s lawyer accuses judges of incompetence. After the trial, he reportedly said, “It is clear to us that these judges are not as knowledgeable on the subject as they should be… Right now, the jurisprudence pertaining to criminal activity only refers to bitcoin mixers.” … It is very important that the court understands that Tornado Cash is something else”.
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PhD student in financial law and expert SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.