Developer of Tornado Cash Alexey Pertsev is released pending trial

Published on:

Last Updated on April 20, 2023 by Bitfinsider

A Dutch court has decided that Alexey Pertsev, the Tornado Cash developer who was detained in August by Dutch authorities on suspicion of aiding money laundering, will return home the next week pending trial.

Alex will be celebrating his birthday at home on April 26, his wife Ksenia Malik said. “An ankle monitor will be worn by him. though at home,” she added.

Pertsev, a Russian native, was detained on August 10 in Amsterdam. Two days after Tornado Cash and 44 linked Ethereum and USDC wallets were added to the U.S. government’s list of Specially Designated Nationals, he was arrested. According to the U.S. Treasury, the crypto mixing service, which enables users to hide transactions, “repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors.” Malik announced that the case’s hearing for more inquiry would take place on May 24.

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.