Tornado Cash

<ul><li>Alexey Pertsev, the creator of Tornado Cash, was sentenced to a 64-month prison for money laundering.</li><li>The US Treasury asserted that the infamous North Korean hacking squad Lazarus relied heavily on Tornado Cash as a weapon.</li><li>Dutch prosecutors argue that Pertsev&#39;s case concerns his choices to aid criminals, not a privacy or open-source issue.</li></ul><a href="https://cryptotale.org/tornado-cash-developer-alexey-pertsev-to-stand-trial-for-1-2-billion-crypto-laundering/" rel="noopener noreferrer nofollow">Alexey Pertsev, the developer of Tornado Cash</a>, has been found guilty of laundering $1.2 billion in criminal payments using the sanctioned cryptocurrency mixer. A Dutch court convicted the 31-year-old Russian resident of the Netherlands of<a href="https://www.rechtspraak.nl/Organisatie-en-contact/Organisatie/Rechtbanken/Rechtbank-Oost-Brabant/Nieuws/Paginas/Developer-of-Tornado-Cash-gets-jail-sentence-for-laundering-billions-of-dollars-in-cryptocurrency.aspx" rel="noopener noreferrer nofollow"> 64 months in prison</a>. His lawyers have 14 days to file an appeal of the ruling.In 2020, Tornado Cash, a financial privacy tool, faced <a href="https://www.wired.com/story/tornado-cash-money-laundering-case-crypto-privacy/" rel="noopener noreferrer nofollow">crypto scam</a> and theft concerns. Creator Alexey Pertsev urged victims to share similar cases, but cofounder Roman Semenov stated the service&#39;s unique Ethereum blockchain design prevented assistance.Dutch prosecutors examining his actions did not focus on the main services provided by Pertsev&#39;s organization but on his growing affiliation with cryptocurrency-related crimes. Their inquiry has included several transactions, including those employing decentralized protocols like Harmony and Nomad Bridge and those connected to the Ronin Bridge.<a href="https://cryptotale.org/judgment-day-tornado-cash-developer-receives-64-month-sentence/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Judgment Day: Tornado Cash Developer Receives 64-Month Sentence

CryptoTale

Other articles published on May 15, 2024

Floki Up 45% On The Month, Votes On 15B Token Burn: 'Mirroring The Movement Of Pepe,' Says Trader

Shibarium Sees Transaction Fees Surge by 267% Amid Rising Interest in Shiba Inu Tokens

Degen Chain Faces Extended Downtime

LayerZero Sybil Bounty Event Will Be Launched With 15% Allocation For Reported Fraudulent Addresses

Polygon Rises More Than 3% In 24 hours

Best Cryptos to Buy Now: Top Crypto Investments for 2024

Join our free newsletter for daily crypto updates!