CDS Crypto News Tornado Cash Developer Pertsev’s Bail Application Not Approved
Crypto News

Tornado Cash Developer Pertsev’s Bail Application Not Approved

93
Tornado Cash Developer Pertsev's Bail Application Not Approved

Tornado Cash Developer Pertsev Denied Bail: Appeals Process Continues

Bail has been refused for Tornado Cash’s creator, Alexey Pertsev, while his attorneys get ready to file an appeal against allegations of money laundering. The denial of Pertsev’s bail request was unexpected, according to his defense attorney, Keith Cheng. He also mentioned the denial of Pertsev’s second request to use a computer in order to get ready for his appeal.

In addition to stating that Pertsev’s request for internet access violated its safety procedure, the court declared that Pertsev’s continued imprisonment would not hinder his capacity to prepare for his case. In opposition to the court’s ruling, Pertsev’s attorney, Judith de Boer, stated that pre-trial detention involving such fundamental legal problems was unacceptable.

This unprecedented case addresses when a software developer can be criminally liable for third-party misuse,

de Boer

Tornado Cash Developer Pertsev’s Bail Request Denied in November 2023 and February 2024

Tornado Cash Developer Pertsev's Bail Request Denied in November 2023 and February 2024

Based on the prosecution’s claim that Pertsev constituted a flight risk, a Dutch judge rejected the developer’s request to be freed under observation in November 2023. Pertsev, according to the prosecution, played a key role in Tornado Cash‘s operation. In February, the developer’s bail was once again rejected. In a post on July 12, an X account connected to JusticeDAO—the group that handles gathering money for the Tornado Cash developers’ legal defense—called the decision a gross miscarriage of justice.

Alexey will spend the next year in jail while his legal team prepares for the appeal hearing. This is a gross miscarriage of justice. Developers do not belong in jail for the actions of third parties,

the account

FAQ

What is Tornado Cash?

Tornado Cash is a privacy protocol that runs on the Ethereum blockchain and allows users to anonymize their transactions.

Who is Alexey Pertsev?

Alexey Pertsev is one of the developers of Tornado Cash and played an essential role in building the technical infrastructure of the protocol.

Why Was Alexey Pertsev Arrested?

Alexey Pertsev has faced legal issues related to the development and use of Tornado Cash. In this regard, it is significant to follow official sources to learn more about the details of the charges.

For more up-to-date crypto news, you can follow Crypto Data Space.

Tornado Cash Developer Pertsev's Bail Application Not Approved
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Crypto Landscape: Job Cuts Amid Financial Gains

Crypto firms face layoffs despite Bitcoin nearing all-time highs, with regulatory concerns...

BRICS Pay: Revolutionizing Cross-Border Transactions

BRICS Pay is a payment initiative by BRICS nations aimed at enhancing...

NFT Market Sees 18% Volume Increase in October: A Sign of Recovery

In October 2024, the NFT market experienced a significant recovery, recording an...

This Week in Crypto: Major Price Swings, Strategic Moves, and Regulatory Changes

This Week in Crypto: Major Price Swings, Strategic Moves, and Regulatory Changes