Tornado Cash Founder To Be Released From Jail

Tornado Cash founder will await for his trial at home

A court in the Netherlands has ruled that Tornado Cash Founder Alexey Pertsev can await his trial at home.

[{"selector":"#anim-5d96a11e-408f-4cb6-a43d-0f02f99f58db","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-229af813-2be1-42f3-b4ba-fedf37694b49","keyframes":{"transform":["translate3d(-69.83155%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Alexey was arrested back in August 2022 after the US SEC sanctioned the privacy protocol Tornado Cash.

[{"selector":"#anim-256025d4-d0d4-4df2-86dd-817d5bc4d638","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-02317055-9470-40b9-af68-506c4894581c","keyframes":{"transform":["translate3d(-88.31967%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Pertsev will be released next Wednesday, allowing time for the installation of electronic monitoring devices at his home

[{"selector":"#anim-08880acd-7409-45d5-ad08-e2c6e8f32fb0","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5578a3df-a66d-4a77-8c01-71fd89e70896","keyframes":{"transform":["translate3d(-87.7193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Alexey will not have to pay any financial security to stay out of jail.

[{"selector":"#anim-9237a38b-adfd-4bf2-b900-01c58a5d903a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45ac5bd4-97a6-4cbf-a3b6-9193b792aed4","keyframes":{"transform":["translate3d(-92.98597%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Upon the news, Tornado Cash token spiked 20% to trade at $10.25.

[{"selector":"#anim-4c37039c-855f-48be-b659-1c79d4e6a386","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7598afd1-54c3-444a-9d78-67dfff0be31b","keyframes":{"transform":["translate3d(-90.90909%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Prosecutors accused Pertsev habitually laundered over 500,000 ETH which he should have suspected was of criminal origin.

[{"selector":"#anim-a056f912-f433-4fb5-9a17-3908f43f9dce","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dea7d73a-d115-4180-9323-1acca082f03e","keyframes":{"transform":["translate3d(-91.88641%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Pertsev has denied all those charges.

[{"selector":"#anim-4f63faee-17e8-406f-932f-f23a023449b9","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-adb2fdd6-0282-42d2-9ddb-37eacb6408d1","keyframes":{"transform":["translate3d(-92.26069%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5faa311a-651a-47fe-8d59-35a445bc1873","keyframes":{"transform":["translate3d(-185.96489%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-db863bea-7a42-4db3-a967-8510154065e0","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] More Crypto Stories...