Advertisement
U.S. markets open in 3 hours 34 minutes
  • S&P Futures

    5,122.75
    -15.50 (-0.30%)
     
  • Dow Futures

    38,972.00
    -50.00 (-0.13%)
     
  • Nasdaq Futures

    18,135.50
    -126.50 (-0.69%)
     
  • Russell 2000 Futures

    2,068.10
    -7.70 (-0.37%)
     
  • Crude Oil

    78.79
    +0.05 (+0.06%)
     
  • Gold

    2,133.20
    +6.90 (+0.32%)
     
  • Silver

    24.14
    +0.14 (+0.60%)
     
  • EUR/USD

    1.0853
    -0.0006 (-0.05%)
     
  • 10-Yr Bond

    4.2190
    0.0000 (0.00%)
     
  • Vix

    13.89
    +0.40 (+2.97%)
     
  • GBP/USD

    1.2686
    -0.0007 (-0.05%)
     
  • USD/JPY

    150.4030
    -0.0250 (-0.02%)
     
  • Bitcoin USD

    66,989.20
    +2,046.04 (+3.15%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,632.79
    -7.54 (-0.10%)
     
  • Nikkei 225

    40,097.63
    -11.57 (-0.03%)
     

Tornado Cash developer Alexey Pertsev to remain in jail until February

Alexey Pertsev, a developer of the now-sanctioned crypto mixer Tornado Cash, has been ordered to stay in jail until Feb. 20 at least, Dutch public prosecutor Martine Boerlage ruled at Tuesday’s hearing.

See related article: Tornado Cash Debate – The Role of Law

Fast facts

  • For the first time since his arrest, Pertsev was officially accused of money laundering charges, due to contributing to the Tornado Cash protocol’s code.

  • The court in the Netherlands found that the Russian developer represented a flight risk and denied releasing him on bail.

  • Boerlage refused to entertain arguments about the protocol’s decentralization, alleging that Persev and others were in control of the crypto mixer.

  • The prosecutor also accused Pertsev, along with two other developers Semenov and Storm, of holding so many governance tokens that they could “always outvote everyone else,” in governance proposals.

  • Pertsev was arrested in August, a few days after the U.S. Treasury sanctioned the Tornado Cash protocol for allegedly being used by North Korean hackers to launder over a billion dollars worth of digital assets.

  • Pertsev’s case has sparked concern among Web 3.0 and open-source software developers, as other developers could also be held responsible for how their code is used.

See related article: Ethereum price undervalued since The Merge: report

Advertisement