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Crypto Platforms' Privacy Feature Changes Post-Tornado Cash Case
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Public announcements from major cryptocurrency platforms or major cryptocurrency news outlets
Story
Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months by Dutch Court for Laundering $1.2 Billion
May 15, 2024, 07:57 AM
Tornado Cash developer Alexey Pertsev has been found guilty of money laundering and sentenced to 64 months (approx. 5 years) in prison by a Dutch court. Pertsev, 31, was convicted of laundering $1.2 billion of crypto through his app. The police seized all his assets, including cars and crypto, claiming Tornado Cash was used as a tool for criminal activities. The verdict has raised concerns about holding open-source developers accountable for criminal activity facilitated by their tools.
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