Court Verdict: Tornado Cash’s (TC) Alexey Pertsev Convicted in Landmark Dutch Crypto Case

  • Ethereum mixer Tornado Cash’s developer, Alexey Pertsev, has been sentenced to 64 months in prison by a Dutch court for money laundering.
  • The court stated that Tornado Cash is “intended for criminals” and that Pertsev made “a habit of committing money laundering” between July 9, 2019, and Aug 10, 2022.
  • Pertsev’s co-founder, Roman Storm, was arrested in 2023 by the U.S. Department of Justice on similar charges. His trial is set for September.

Alexey Pertsev, developer of Ethereum mixer Tornado Cash, has been convicted of money laundering $1.2 billion in illicit assets and sentenced to 64 months in prison by a Dutch court.

Pertsev Found Guilty of Money Laundering

Alexey Pertsev, a key developer of the Ethereum mixer Tornado Cash, has been found guilty of money laundering by a Dutch court. The court handed down a 64-month prison sentence, stating that Tornado Cash is “intended for criminals” and that Pertsev made “a habit of committing money laundering” with the platform between July 9, 2019, and Aug 10, 2022. The court further stated that Pertsev should have been more suspicious about the possible criminal origins of transactions on the platform.

Co-founder Also Facing Charges

In a related development, Roman Storm, the co-founder of Tornado Cash, was arrested in 2023 by the U.S. Department of Justice on similar money laundering charges. Storm’s trial is set to take place in September. This comes after Tornado Cash was blacklisted by the U.S. Treasury Department in 2022, leading to Pertsev’s initial arrest and imprisonment in a Dutch jail.

Crypto Mixers: A Tool for Criminals?

Crypto coin mixers like Tornado Cash obscure the origins and destinations of money transfers, making them a popular tool for money laundering. While they have been used by criminals to launder illicit funds, they are not exclusively used for illegal purposes. Tornado Cash is one of the most well-known mixers, but it is far from the only one. The case against Pertsev and Storm raises important questions about the responsibility of developers and the potential misuse of their platforms.

Conclusion

The conviction of Alexey Pertsev and the pending trial of Roman Storm highlight the ongoing legal challenges facing the crypto industry, particularly those involved in coin mixing services. As regulators worldwide continue to crack down on potential avenues for money laundering, the crypto community will be watching closely to see how these cases develop and what implications they may have for the future of crypto transactions.

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Merritt Vale
Merritt Valehttps://en.coinotag.com/
Merritt Vale is a 24-year-old woman who has a strong affinity for the Dogecoin community and has a particular love for the altcoin Shiba. With a passion for understanding the latest trends and developments in the cryptocurrency industry, Merritt provides fresh perspectives and valuable insights to her readers.
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