Ronin

Tornado Cash

Tornado

Coin

<ul class="news-points">
 <li>The developer of crypto tumbler Tornado Cash is facing money laundering accusations.</li>
 <li>Pertsev is set to appear in court to stand trial for his accusations on March 26.&nbsp;</li>
 <li>The defendant’s lawyer claims prosecutors aren’t being transparent about the exact crime the developer committed.</li>
</ul>
According to an indictment by Dutch prosecutors, the developer of Tornado Cash, an open-source, non-custodial, fully decentralized tumbler, is facing an accusation of laundering $1.2 billion.&nbsp;
According to the three-page document written in Dutch, Alexey Pertsev has allegedly developed a pattern of engaging in money laundering. Reports claimed that the developer is set to appear for trial in the Dutch city of ‘s-Hertogenbosch starting March 26.&nbsp;
In the indictment, the prosecutors have listed 36 allegedly illicit transactions from decentralized protocols to Tornado Cash. Moreover, it alleges that Pertsev was a co-perpetrator in laundering assets through the crypto mixer.
One of the alleged illicit transactions involved a large sum exceeding 175 ETH. The transaction was reported to have originated from Ronin Bridge, a cryptocurrency protocol linking the widely played game Ax…
The post <a href="https://coinedition.com/developer-faces-1-2b-laundering-allegations-at-tornado-cash/" rel="noopener noreferrer nofollow">Developer Faces $1.2B Laundering Allegations at Tornado Cash</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Developer Faces $1.2B Laundering Allegations at Tornado Cash

Coin Edition

Other articles published on Mar 20, 2024

Smart Money Protocol Umoja Raises $4M To Boost Crypto Wealth Creation For Retail Investors

Bitcoin Experiences Major Price Drop Following Record Highs

5 Best Cheap Crypto to Buy Now Under 1 Dollar March 19

Bitcoin interest in Argentina hits 20-month high as inflation soars above 270%

Dogecoin (DOGE) and Shiba Inu (SHIB) Counter Market Trends: Longevity Tested with Furrever Token ...

Visual AI Revolution: How Leopard Imaging’s Nova Orin is Empowering Autonomous Mobile Robots

Join our free newsletter for daily crypto updates!