Tornado Cash Developer Denied Bail, Will Remain in Prison for Extra 90 Days (Report)

Alexey Pertsev, developer of the U.S.-sanctioned Ethereum-based cryptocurrency mixer Twister Money, must spend a minimal of 90 days in jail, though he’s but to be charged with a criminal offense.

The arrest of the Twister Money developer has sparked outrage and considerations from the crypto neighborhood, which believes that such motion may have grave implications for different open-source builders.

  • A courtroom listening to within the Netherlands held on Wednesday (August 24, 2022) ruled that Pertsev must be retained for an additional 90 days. The ruling got here after the choose rejected requests from Pertsev’s legal professionals to grant the defendant bail.
  • In keeping with a Dutch courtroom spokesperson, an preliminary public listening to should happen inside the 90 days.
  • As beforehand reported by CryptoPotato, Pertsev was arrested by Dutch authorities in Amsterdam on the suspicion that the developer coated up illicit monetary flows and enabled cash laundering by means of Twister Money.
  • The arrest has brought on a number of protests amongst crypto advocates, with concerns that such an motion may begin a wave of arrests of open-source builders who can not management how their codes are used.
  • There’s a present online petition looking for Pertsev’s launch. It’s seeking to collect 2,500 signatures and has already been signed by 2,485 folks. Additionally, over 50 folks gathered in Amsterdam’s Dam Sq. to protest the arrest.
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