Tornado Cash Founder to Remain in Custody After His Bail Was Denied
13.07.2024 11:00 1 min. read Alexander Stefanov
Alexey Pertsev, the developer of the Tornado Cash protocol, has been denied release by a Dutch court on July 12.
Convicted of money laundering in May and sentenced to over five years in prison, Pertsev remains in custody as he plans to appeal.
The Hertogenbosch Court of Appeal rejected his release, despite his lawyers arguing he was not a flight risk and needed internet access for his appeal.
The court maintained its stance due to the severity of the case, where Pertsev and his colleagues were found guilty of facilitating the laundering of $2.2 billion in stolen cryptocurrency.
This case, following US Treasury sanctions on Tornado Cash, has raised concerns about the liability of developers of privacy-focused open-source software. It highlights the tension between blockchain innovation and regulatory compliance.
Further legal challenges continue, with developer Roman Storm set to face trial in the US on similar charges in September.
-
1
$20 Million AI Scam Uncovered in Spain: Criminal Network Exposed
09.04.2025 14:00 2 min. read -
2
Crypto Wallets Targeted by Sophisticated Malware Campaign
12.04.2025 19:00 2 min. read -
3
NFT Trader Faces Prison for Hiding Millions in CryptoPunk Profits from IRS
14.04.2025 17:00 2 min. read -
4
Hackers Target UK Official’s Account in Crypto Scam Disguised as Government Project
17.04.2025 9:00 2 min. read -
5
Hacker Returns $7.5M in KiloEx Breach After Bounty Deal
19.04.2025 15:00 2 min. read
Former Celsius CEO Alex Mashinsky Set for Sentencing Next Month
Alex Mashinsky, co-founder and former CEO of the defunct crypto lending platform Celsius, is scheduled to be sentenced on May 8, 2025, following his guilty plea to two federal criminal charges late last year.
Hacker Returns $7.5M in KiloEx Breach After Bounty Deal
A decentralized exchange targeted in a multi-million-dollar exploit has recovered its losses just days after the incident, thanks to an unexpected twist involving the hacker themselves.
Hackers Target UK Official’s Account in Crypto Scam Disguised as Government Project
A recent cyberattack targeting a UK government official’s social media account has highlighted ongoing concerns over digital impersonation and crypto scams.
NFT Trader Faces Prison for Hiding Millions in CryptoPunk Profits from IRS
A former NFT trader is facing potential prison time after admitting to hiding millions in profits from the IRS through undeclared sales of high-value digital assets.
-
1
$20 Million AI Scam Uncovered in Spain: Criminal Network Exposed
09.04.2025 14:00 2 min. read -
2
Crypto Wallets Targeted by Sophisticated Malware Campaign
12.04.2025 19:00 2 min. read -
3
NFT Trader Faces Prison for Hiding Millions in CryptoPunk Profits from IRS
14.04.2025 17:00 2 min. read -
4
Hackers Target UK Official’s Account in Crypto Scam Disguised as Government Project
17.04.2025 9:00 2 min. read -
5
Hacker Returns $7.5M in KiloEx Breach After Bounty Deal
19.04.2025 15:00 2 min. read
