The Netherland court has announced its decision to detain Pertsev in custody.
Alleged developer of Tornado cash app must stay in jail for 90 days
Per a CoinDesk report, the alleged developer of the Ethereum mixer app Tornado Cash app must stay in jail for 90 days pending trial, the Netherland court announced its decision on Wednesday.
Tornado Cash Developer Alexey Pertsev Must Stay In Jail For 90 Days.
According to a Coindesk report citing a Dutch court spokesperson, a court hearing held in Den Bosch in the Netherlands today announced its decision to detain Pertsev for 90 days. The court further added that an initial public hearing must take place within the set 90-day period for the proceedings to evolve ahead.
Per the report, Pertsev’s lawyers had earlier sought a bail request, however, that request was dismissed by the ruling judge.
Pertsev was arrested on August 10 in Amsterdam, with accusations stating that the developer was involved in concealing criminal financial flows and facilitating illicit money laundering.
Pertsev’s arrest had later evolved into a serious online movement where thousands of protesters had filed petitions to spread awareness among the crypto community. As reported by EWN earlier, the protests were carried out with an intention to demonstrate the wrongful arrest of Pertsev and to prove the fact that a developer has no control over how his software might be used in the near future.
Several protestors had also remarked how Pertsev’s arrest is detrimental to the future of open source software development.
Numerous protestors had further shared opinions adding that the judicial authorities should pursue the real criminals/hackers behind such scams instead of going after independent developers and creators.
Amid all this, the US congressman Tom Emmer had questioned the sanctions imposed on Tornado Cash by sending a letter to Treasury Secretary Yellen. Emmer later added how the growing adoption of decentralized technology will raise challenges for OFAC but the related technology should be treated on neutral grounds.
Tornado Cash is an Ethereum-based mixer app that has been broadly used by hackers and scammers to obfuscate the track of their illicit crypto transactions. The extensive usage of the app in numerous hacking and scamming activities led the US authorities to adopt a strict stance towards it by imposing sanctions on the app.