2024

Tornado Cash

Tornado

<ul>
 <li>Alexey Pertsev faces 64 months in Dutch prison for money laundering via Tornado Cash.</li>  
 <li>JusticeDAO raises over 654 Ether, totaling $2.3M, to aid Pertsev's legal defense.</li>  
 <li>Dutch court demands more safeguards against misuse of crypto platforms.</li> 
</ul>  
<p>Alexey Pertsev, co-founder of Tornado Cash, is entering a critical stage in the legal fight against accusations of money laundering through an appeal process. Pertsev's case has become more complex following a court decision on May 14, which sentenced him to 64 months in prison in the Netherlands. He continues looking for further financial assistance to fund his expensive legal defence.&nbsp;</p>  
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<p>His support team estimates that $750,000 to $1,000,000 will be urgently required to help manage the ongoing expenses associated with his appeal.&nbsp;</p>  
<p>Pertsev's situation is critical because he is still in detention. The money collected will be used to fund the appeal against his <a href="https://cryptonewsland.com/tornado-cash-case-continues-as-alexey-pertsev-denied-bail-third-time/" target="_blank" rel="noopener noreferrer nofollow">conviction</a> filed in the 's-Hertogenbosch Court of Appeal in the Netherlands.</p>  
<h2 class="wp-block-heading" id="h-community-response-and-fundraising-efforts">Community Response and Fundraising Efforts</h2>  
<p>The crypto community has strongly <a href="https://cryptonewsland.com/tornado-cash-developers-conviction-for-laundering-1-2b-sends-shockwaves-through-crypto-community/" target="_blank" rel="noopener noreferrer nofollow">supported</a> Pertsev, with significant fundraising efforts led by JusticeDAO and other platforms. As of June 19, JusticeDAO raised over 654 Ether, translating to approximately $2.3 million. These funds were collected through a campaign titled “Free Alexey &amp; Roman” on the decentralized platform Juicebox, which also added transparency to the fundraising by publishing a detailed ledger of expenses.</p>  
<p>An additional 70 Ether was raised through direct contributions on the JusticeDAO platform. Despite these efforts, the legal expenses have continued to grow, prompting renewed calls for financial support.</p>  
<h2 class="wp-block-heading" id="h-legal-challenges-and-developments">Legal Challenges and Developments</h2>  
<p>The legal battles faced by Pertsev highlight the complex intersection of technology, privacy, and law enforcement. Pertsev and his legal team are preparing to appeal the May 2024 verdict, which found him guilty based on the volume of illicit assets allegedly laundered through <a href="https://cryptonewsland.com/massive-ether-transfer-to-tornado-cash-escalates-crypto-privacy-debate/" target="_blank" rel="noopener noreferrer nofollow">Tornado Cash</a>. Pertsev has maintained that the platform was not designed for illegal activities and that developers should not be held liable for the actions of its users.</p>  
<p>However, the Dutch court ruled that additional measures could have been implemented to prevent service misuse. This ruling has set a precedent that could influence how developers approach privacy and security measures in crypto technologies.</p> 
<p>The post <a href="https://cryptonewsland.com/tornado-cash-developer-alexey-pertsev-seeks-additional-funding-for-legal-battle/" rel="noopener noreferrer nofollow">Tornado Cash Developer Alexey Pertsev Seeks Additional Funding for Legal Battle&nbsp;</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Tornado Cash Developer Alexey Pertsev Seeks Additional Funding for Legal Battle

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