1 month ago
Alexey Pertsev, the Tornado Cash developer recovered blameworthy of wealth laundering successful 2024, is acceptable to beryllium released from situation connected Friday to hole for his appeal, helium said successful a post connected X.
The 31-year aged Russian nationalist was sentenced to 64 months successful a Dutch situation past May aft an indictment said Pertsev had "a wont of committing wealth laundering" and should person suspected illicit transactions connected the platform.
Tornado Cash is simply a coin-mixing protocol that allows users to privately nonstop tokens to different wallet. It achieves privateness by pooling funds unneurotic and shuffling them until the root is unclear.
The protocol is sanctioned by the U.S. government, which alleges that Tornado Cash was being utilized by North Korean hackers Lazarus Group.
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