• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Tornado Cash Developer Says Court Has Derailed Appeal Efforts After Prolonging His Pre-Trial Detention

November 25, 2024
in Regulation
Reading Time: 2min read
0 0
A A
0
Tornado Cash Used to Obfuscate Over $2,440,000,000 Worth of Ethereum (ETH) in First Half of 2022: Report
0
SHARES
7
VIEWS
ShareShareShareShareShare

The developer of the crypto mixing protocol Tornado Cash is now preparing for his appeal while behind bars.

Alex Pertsev is in jail after being found guilty of money laundering by The Netherlands’ Oost-Brabant district court which sentenced him to 64 months of prison time in May.

Pertsev was convicted due to his involvement in the creation of Tornado Cash, which helps users conceal their crypto transactions through obfuscation. 

In a statement on the social media platform X, Pertsev says the court is keeping him detained while he prepares to appeal his case. He says the court’s decision will derail his ability to challenge the initial conviction.

“I am sad to announce that, despite our best efforts, the court decided to prolong my pre-trial detention. This decision significantly complicates my ability to prepare for the appeal, but I remain determined to continue fighting for justice.”

The Treasury Department’s Office of Foreign Assets Control (OFAC) imposed a sanction on Tornado Cash in 2022 for helping launder more than $7 billion worth of crypto assets, including those from the North Korean government-linked hackers, the Lazarus Group.

Earlier this month, Congressman Brad Sherman (D-California) and six other members of the U.S. House of Representatives wrote to Treasury Secretary Janet Yellen in opposition to Tornado Cash still being online and functioning despite the sanctions.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/JLStock


Credit: Source link

ShareTweetSendPinShare
Previous Post

$100,000,000,000 Asset Manager Wisdom Tree Files for XRP ETF: Report

Next Post

Altcoin Season Has Officially Kicked Off, According to Crypto Analyst Nicholas Merten – Here’s Why

Next Post
The Most ‘Vertical’ Leg for Altcoins Since 2021 Is Now on Deck, Says Crypto Analyst – Here’s His Outlook

Altcoin Season Has Officially Kicked Off, According to Crypto Analyst Nicholas Merten – Here’s Why

You might also like

CLARITY Act July Senate Schedule Stalled Amid Housing Bill Veto Standoff

CLARITY Act July Senate Schedule Stalled Amid Housing Bill Veto Standoff

June 26, 2026
Why Is Crypto Up Today? – October 15, 2025

El Salvador Claims It’s Buying Bitcoin Daily, But the IMF Disagrees

June 29, 2026
Euro Trading Makes Up Just 1% of Binance Volume as MiCA Licensing Pressure Mounts

Euro Trading Makes Up Just 1% of Binance Volume as MiCA Licensing Pressure Mounts

June 23, 2026
Ripple Secures Preliminary Luxembourg CASP Approval As EU Cr

Ripple Secures Preliminary Luxembourg CASP Approval As EU Cr

June 23, 2026
Australian Crypto Unicorn Immutable Scales Back Game Development in AI Pivot

Australian Crypto Unicorn Immutable Scales Back Game Development in AI Pivot

June 23, 2026
BOJ deputy warns on inflation as Polymarket puts 2026 Fed hike odds at 66%

US-Iran MoU keeps deal clock ticking as Polymarket prices 44.5% by Dec 31

June 28, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Bitcoin Defends $59K Support as Q2 Closes With Rare Back-to-

Bitmine Expands Ethereum Treasury To 5.7 Million ETH After Latest Purchase

June 29, 2026
Bitcoin Addresses Holding Between 100 and 10,000 BTC Hit a 7-Week High

AI Reshaping Legal Operations: Efficiency Gains and Key Challenges

June 29, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.