Tornado Cash Developer Granted Bail After Two Years in Pretrial Detention

Tornado Cash Developer Released from Detention Ahead of May 2024 Sentencing in Dutch Court

  • Dutch court suspends pretrial detention for Tornado Cash developer Alexey Pertsev ahead of his May 2024 sentencing.
  • Pertsev faces a five-year prison sentence for allegedly facilitating $1.2 billion in crypto money laundering.
  • Defense lawyer Judith de Boer welcomes the court decision after multiple denied bail attempts since 2022.
  • The ‘s-Hertogenbosch Court ruling allows Pertsev to coordinate his defense from outside prison.
  • Previous requests for basic defense tools, including computer access, were consistently denied during detention.

The Dutch judicial system has granted a significant procedural victory to Alexey Pertsev, the developer behind the controversial cryptocurrency mixer Tornado Cash, by suspending his pretrial detention. The February 7 ruling comes as Pertsev awaits his final sentencing in May 2024 for money laundering charges.

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Speaking exclusively to Cointelegraph, defense attorney Judith de Boer expressed satisfaction with the court’s decision, stating that it will enable Pertsev to better prepare his defense strategy. The case has drawn international attention since Pertsev’s arrest in 2022, highlighting the complex intersection of cryptocurrency privacy tools and anti-money laundering regulations.

The ‘s-Hertogenbosch Court found Pertsev guilty of facilitating approximately $1.2 billion in illicit cryptocurrency transactions through the Tornado Cash platform. Tornado Cash, a cryptocurrency mixer, operates by pooling together multiple transactions to obscure their origin and destination, making it difficult to trace fund flows.

The case marks a pivotal moment in cryptocurrency law enforcement, as it represents one of the first instances where a developer has faced criminal charges for creating privacy-enhancing cryptocurrency tools. The court’s decision to allow pretrial release suggests a potential shift in how judiciary systems approach cases involving cryptocurrency developers and their liability for user actions on their platforms.

Despite the temporary relief, Pertsev still faces significant legal challenges ahead of his May sentencing, where he could receive up to five years of imprisonment. The case continues to raise important questions about the balance between privacy technology development and regulatory compliance in the cryptocurrency sector.

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