Tornado Cash

Tornado

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/developer-receives-prison-sentence-for-money-laundering/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Developer Receives Prison Sentence for Money Laundering</a><br></p>
<p style="text-align: justify"><strong>The world of cryptocurrencies</strong> occasionally reveals dark events that shake the industry. Recently, Alexey Pertsev, the developer of Tornado Cash, was found guilty of money laundering in the Netherlands, highlighting the diverse landscapes of this world.</p>
<h2 style="text-align: justify" id="tornado-cash-developer-sentenced">Tornado Cash Developer Sentenced</h2>
<p style="text-align: justify">On Tuesday, the court in s-Hertogenbosch sentenced Pertsev to 64 months in prison. The indictment emphasized that Pertsev should have at least suspected illegal transactions on the Tornado Cash platform and had made money laundering a habit. Notably, Pertsev was imprisoned in the Netherlands after being blacklisted by the US government, not just as a developer.</p>
<p><img loading="lazy" decoding="async" loading="lazy" class="wp-image-351267 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/bitcoin-416.jpg" alt="" width="740" height="415"></p>
<p style="text-align: justify">According to the US Treasury, <strong>Tornado Cash</strong> was a significant tool for the North Korean hacking group Lazarus, which made Pertsev’s charges even more serious. The Lazarus Group is known to be linked to recent major crypto thefts, further tarnishing Tornado Cash’s reputation.</p>
<h2 style="text-align: justify" id="a-warning-for-other-developers">A Warning for Other Developers</h2>
<p style="text-align: justify">Pertsev’s case serves as a warning for other developers of Tornado Cash. <strong>Roman Storm</strong> and Roman Semenov are also facing similar charges in the US, and the future of their legal proceedings is uncertain. While Storm is set to appear in court in September, Semenov’s lack of arrest is notable.</p>
<p style="text-align: justify"><strong>Legal differences</strong> between the US and <strong>the Netherlands</strong> could affect the course of such cases. For instance, the legal differences regarding personal responsibility might explain why Storm is not charged like Pertsev in the US. However, this situation shows that the Tornado Cash case has the potential to impact not just one developer but the entire <a href="https://en.coin-turk.com/high-volatility-expected-in-crypto-markets-this-week/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> world.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/developer-receives-prison-sentence-for-money-laundering/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Developer Receives Prison Sentence for Money Laundering</a></h5>

Developer Receives Prison Sentence for Money Laundering

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