• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Tuesday, September 30, 2025
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

Tornado Cash developer challenges conviction in Dutch court

by wireopedia memeber
May 16, 2024
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
Tornado Cash developer challenges conviction in Dutch court
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Tornado Cash developer Alexey Pertsev has reportedly filed an appeal with the Dutch s-Hertogenbosch Court of Appeal following his recent conviction on money laundering charges.

You might also like

Ex-Ripple Dev Explains Why XRP Is 10x The Value Of LINK

Trump admin pulls Brian Quintenz as CFTC nominee: Report

Turkey Proposes Expanded Powers for Financial Watchdog to Freeze Accounts, Blacklist Crypto Wallets

The appeal follows Pertsev’s May 14 sentencing to a 64-month prison term by a Dutch court. The court found him guilty of laundering approximately $1.2 billion through the Tornado Cash crypto mixer between July 2019 and August 2022.

Pertsev’s appeal was filed within the 14-day window mandated by the court for challenging its ruling. However, approval and scheduling for the appeal hearing may entail a considerable period, potentially stretching into months. Pending the commencement of the appeal proceedings, Pertsev remains free on bail.

Pertsev’s conviction had attracted steep criticism from crypto stakeholders who viewed it as an affront to privacy, crypto, and open-source technology. Joel Valenzuela, a business development officer for Dash, said:

“Tornado Cash is a smart contract on Ethereum which provides much-needed privacy to users. After it was deployed, anyone could interact with it, and no one could prevent anyone from using it. Because a certain amount of known hacked or sanctioned funds used the protocol, its founders came under threat.”

Meanwhile, the ramifications of his sentencing could reverberate in the ongoing trials of the protocol’s co-founder in the United States. In August 2023, the Department of Justice (DOJ) indicted Tornado Cash co-founder Roman Storm on money laundering charges and violations of sanction laws.

Tornado Cash is still in use

Despite the protocol founder’s ongoing legal troubles, the crypto community still uses Tornado Cash. The host of the Proof of Decentralization Podcast Chris Blec said:

“Alex Pertsev received a 5 year prison sentence but Tornado Cash is still operating and being used on Ethereum and there’s not much the government can do about that.”

Furthermore, a recent United Nations report also noted that the North Korea-backed Lazarus Group was also using the platform for its illegal activities. According to the report, the hacker group laundered $147.5 million through the crypto mixer in March 2024.

The post Tornado Cash developer challenges conviction in Dutch court appeared first on CryptoSlate.

Read Entire Article
Tags: BlockchainCoin SurgesCryptocurrenciesCryptoslateMarket StoriesTrading
Share30Tweet19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Justin Sun Grabs Nearly Half Of Deposits In Liquid Staking Protocol

May 6, 2024

$33.14 Billion At Risk If The Bitcoin Price Hits $72,462, Here’s Why

October 19, 2024
P Diddy faces sexual misconduct claims from 120 new accusers

P Diddy faces sexual misconduct claims from 120 new accusers

October 1, 2024

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • ‘Do. Not. Blink.’ Conservatives dig in for a fight as Trump broaches Obamacare talks
  • Trump gives Hamas peace deal deadline – as key allies urge it to accept
  • Ex-Ripple Dev Explains Why XRP Is 10x The Value Of LINK
  • Trump admin pulls Brian Quintenz as CFTC nominee: Report
  • From Drinking Semen To Sunbathing Your Genitals, Here Are 13 Times Celebs Shared Wild Or Downright Dangerous “Wellness” Hacks

© 2024 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2024 WIREOPEDIA - All right reserved.

You have not selected any currencies to display