Policy & Regulation
Tornado Cash Developer Says Court Has Derailed Appeal Efforts After Prolonging His Pre-Trial Detention
Credit : dailyhodl.com
The developer of the crypto combine protocol Twister Money is now getting ready for his enchantment whereas behind bars.
Alex Pertsev is in jail after being discovered responsible of cash laundering by the East Brabant court docket sentenced him to 64 months in jail in Might.
Pertsev was convicted for his involvement within the creation of Twister Money, which permits customers to cover their crypto transactions by means of embezzlement.
In a press release on the social media platform X, Pertsev stated say the court docket detains him as he prepares to enchantment his case. He says the court docket’s determination will derail his potential to problem the preliminary conviction.
“I remorse to tell you that regardless of our greatest efforts, the court docket has determined to increase my pre-trial detention. This determination considerably complicates my potential to arrange for the occupation, however I stay dedicated to persevering with to struggle for justice.”
The Treasury Division’s Workplace of International Belongings Management (OFAC) sanctioned Twister Money in 2022 for serving to launder greater than $7 billion in crypto belongings, together with these of the North Korean government-linked hackers, the Lazarus Group.
Earlier this month, Congressman Brad Sherman (D-California) and 6 different members of the U.S. Home of Representatives spoke wrote to Treasury Secretary Janet Yellen, who opposes the truth that Twister Money remains to be on-line and functioning regardless of the sanctions.
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Featured picture: Shutterstock/JLStock
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