Tornado Cash developer Alexey Pertsev to remain detained until April hearing

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  • Tornado Cash developer Alexey Pertsev will remain detained until his next hearing in April, a Dutch court ruled.

Alexey Pertsev, the developer behind the crypto mixer Tornado Cash, will remain detained until his next hearing scheduled for April 21, a Dutch court ruled.

In addition, a pre-trial review will take place on May 24, the court of East Brabant handling the case told The Block.

Authorities in the Netherlands first arrested Pertsev in August, days after U.S. authorities placed sanctions on Tornado Cash, a crypto mixing service that allows users to obscure the details of transactions. The U.S. Treasury accused Tornado Cash — which redistributes crypto from multiple users in a pool, making the flows more difficult to trace — of "laundering funds for malicious cyber actors."

The money flows allegedly “included funds stolen through hacks by a group believed to be associated with North Korea," the Dutch Fiscal Information and Investigation Service stated at the time of the arrest.

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This is the third time that Pertsev’s appeal was rejected. Since August, he has remained detained for three months at a time. His last appeal was rejected in November.

Pertsev’s arrest sparked a broader debate about what it means for regulators to sanction software and spurred fears of unprecedented crypto enforcement.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Inbar is a reporter covering crypto policy and regulation with a focus on Europe. Before The Block, she worked with several publications in Brussels including The Parliament Magazine and Are We Europe. Inbar holds a bachelor's degree in international relations from University College Utrecht and a master's degree in international politics from KU Leuven.

Editor

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