Tornado Cash

Read

Tornado

Time

<ul> 
 <li>Alexey Pertsev, developer of Tornado Cash, remains in custody as he prepares to appeal money laundering charges.</li> 
 <li>Pertsev’s bail has been denied three times, with the court citing safety protocols and flight risk concerns.</li> 
 <li>Pertsev’s case raises legal questions about software developers’ liability for third-party misuse of their creations.</li> 
</ul> 
<p>Developer of the United States Office of Foreign Assets Control (OFAC)-sanctioned crypto mixer Tornado Cash Alexey Pertsev is still under detention as he gets ready to challenge money <a href="https://cryptonewsland.com/tornado-cash-developers-conviction-for-laundering-1-2b-sends-shockwaves-through-crypto-community/" target="_blank" rel="noreferrer noopener">laundering allegations</a>. The court turned down Pertsev’s bail request on July 13, therefore marking the third rejection of his bail petition.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Alexey will spend the next year in jail while his legal team prepares for the appeal hearing.<br><br>This is a gross miscarriage of justice. Developers do not belong in jail for the actions of third parties.<br><br>Please consider donating to Alexey's defense. Link in the next post. <a href="https://t.co/kWHwODzygX">https://t.co/kWHwODzygX</a></p>— Free Pertsev &amp; Storm (@FreeAlexeyRoman) <a href="https://twitter.com/FreeAlexeyRoman/status/1811794776674697486?ref_src=twsrc%5Etfw">July 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Pertsev’s defense lawyer, Keith Cheng, <a href="https://www.dlnews.com/articles/regulation/dutch-court-rejects-bail-for-tornado-cash-dev-alexey-pertsev/" target="_blank" rel="noreferrer noopener">expressed</a> surprise at the court’s decision to deny bail, noting that a request for Pertsev to access a computer to prepare for his appeal was denied. The court maintained that continued detention would not hinder Pertsev’s ability to prepare his defense. They added that computer access was against safety protocols.</p> 
<p>Judith de Boer, another lawyer for Pertsev, criticized the court’s decision. She argued that pre-trial detention in such cases with fundamental legal questions was unacceptable. De Boer emphasized that this case raises significant issues about the criminal liability of software developers for third-party misuse of their creations.</p> 
<p>On May 14 the “s-Hertogenbosch Court of Appeal of Appeal in the Netherlands declared Pertsev guilty of money laundering. Allegedly using the Tornado Cash platform to launder $1.2 billion worth of illegal assets, he was sentenced to five years and four months. :</p> 
<p>Previously rejecting Pertsev’s bail requests, including those from November 2023 and February 2024, the court had The prosecution claimed that Pertsev was a major player in the running of Tornado Cash and presented a flight hazard.</p> 
<p>The denial of Pertsev’s bail has sparked reactions from the crypto community with an X account associated with JusticeDAO, an organization raising funds for the legal defense of Tornado Cash developers, condemning the ruling. The account described the decision as a “gross miscarriage of justice” and reiterated that developers should not be jailed for the actions of third parties.</p> 
<p>During his March trial, Pertsev said he could not be held accountable for individuals using the <a href="https://cryptonewsland.com/vitalik-buterin-defends-decentralization-through-notable-donation-fueling-crucial-legal-battle-for-tornado-cash-creators/" target="_blank" rel="noreferrer noopener">Tornado Cash</a> system. Still, the court turned down this claim, saying that Pertsev and his associates would have tightened security if they had wished to stop illegal activities.</p> 
<p>Alexey Pertsev is still under custody, hence his legal team keeps getting ready for the next appeal. The case has attracted a lot of interest as it raises difficult legal issues about software creators’ responsibility. While the prosecution claims Pertsev’s degree of participation in the operation is severe, his defence contends the ruling creates a troubling precedent.&nbsp;</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/tornado-cash-developers-conviction-for-laundering-1-2b-sends-shockwaves-through-crypto-community/">Tornado Cash Developer’s Conviction for Laundering $1.2B Sends Shockwaves Through Crypto Community</a></li> 
 <li><a href="https://cryptonewsland.com/court-imprisons-tornado-cash-developer-until-2023/"><strong>Court Imprisons Tornado Cash Developer Until 2023</strong></a></li> 
 <li><a href="https://cryptonewsland.com/judge-reschedules-roman-storms-trial-amid/">Judge Reschedules Roman Storm’s Trial Amid Legal Complexities</a></li> 
 <li><a href="https://cryptonewsland.com/vitalik-buterin-defends-decentralization-through-notable-donation-fueling-crucial-legal-battle-for-tornado-cash-creators/">Vitalik Buterin Defends Decentralization Through Notable Donation Fueling Crucial Legal Battle for Tornado Cash Creators</a></li> 
 <li><a href="https://cryptonewsland.com/tornado-cash-founder-released-on-bail-after-indictment/">Tornado Cash Founder Released on Bail After Indictment</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/tornado-cash-case-continues-as-alexey-pertsev-denied-bail-third-time/">Tornado Cash Case Continues as Alexey Pertsev Denied Bail Third Time</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Tornado Cash Case Continues as Alexey Pertsev Denied Bail Third Time

Crypto News Land

Other articles published on Jul 14, 2024

What’s the Scoop? MOONHOP’s 1000% ROI Outshines Book of Meme & Solana's BONK; Grab this Prime Pre...

Harga XRP Naik Pesat: Kepercayaan Investor Menguat Lagi

Meme coins rally on the back of Donald Trump’s failed assassination

Trump’s presidential odds soar to all-time high on Polymarket following assassination attempt

Is Solana Still The Solution? Investors Now Eye Up Big Gains Potential From Rollblock And Mog Coin

Are DAOs Companies and How Do They Work?

Join our free newsletter for daily crypto updates!