{"id":74201,"date":"2023-02-16T15:01:45","date_gmt":"2023-02-16T13:01:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74201"},"modified":"2025-09-09T18:41:42","modified_gmt":"2025-09-09T15:41:42","slug":"tornado-cash-developer-denied-bail-2","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tornado-cash-developer-denied-bail-2\/","title":{"rendered":"Tornado Cash developer denied bail"},"content":{"rendered":"<p>The Tornado Cash developer, Alexey Pertsev, detained in a Dutch prison, will not be released on bail. <a href=\"https:\/\/www.coindesk.com\/policy\/2023\/02\/15\/tornado-cash-developer-to-stay-jailed-as-dutch-trial-continues\/\">CoinDesk<\/a> reports.<\/p>\n<p>A panel of judges agreed that the Russian national could flee or attempt to conceal evidence if released.<\/p>\n<p>According to the prosecutor&#8217;s office, Pertsev and his colleagues did not merely publish code, but ran Tornado Cash as a business. The agency compared them to bank employees who accepted large volumes of suspicious funds without question.<\/p>\n<p>Pertsev rejected the charges. The next hearing in the case is scheduled for the end of April.<\/p>\n<p>Pertsev&#8217;s lawyer, Kit Cheng, told CoinDesk that it is precisely the judges&#8217; lack of knowledge about decentralised finance that prevents his client from being released.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We had the opportunity to explain what underpins Tornado Cash and why this is not money laundering,&#8221; he said.<\/p>\n<\/blockquote>\n<p><span data-descr=\"Office of Foreign Assets Control of the U.S. Department of the Treasury\" class=\"old_tooltip\">OFAC<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/us-sanctions-tornado-cash-the-ethereum-mixer\">placed on the sanctions list<\/a> Tornado Cash on suspicion of laundering more than $7 billion in cryptocurrency. The service was used, among others, by the North Korean hacker group Lazarus Group.<\/p>\n<p>Chainalysis estimates that during Tornado Cash\u2019s operation more than $3.5 billion passed through it, of which up to $1.2 billion was directly linked to thefts, hacks and other illicit activities.<\/p>\n<p>On 12 August, Dutch authorities <a href=\"https:\/\/u1f987.com\/en\/news\/in-amsterdam-authorities-arrest-alleged-tornado-cash-developer\">arrested the developer of the service<\/a> Alexey Pertsev. He is suspected of involvement in laundering funds and concealing criminal financial flows. His detention was extended <a href=\"https:\/\/u1f987.com\/en\/news\/dutch-court-extends-detention-of-tornado-cash-developer\">until 20 February<\/a>.<\/p>\n<p>In Amsterdam, <a href=\"https:\/\/u1f987.com\/en\/news\/protest-in-amsterdam-over-arrest-of-tornado-cash-developer\">a rally in his support was held.<\/a> Participants said that open-source code is not a crime, and the authorities should go after the real culprits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Tornado Cash developer, Alexey Pertsev, imprisoned in a Dutch jail, will not be released on bail.<\/p>\n","protected":false},"author":1,"featured_media":74202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,718,1314],"class_list":["post-74201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-netherlands","tag-tornado-cash"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74201"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74201\/revisions"}],"predecessor-version":[{"id":74203,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74201\/revisions\/74203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74202"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}