Court Denies Bail to Tornado Cash Developer
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Aleksey Pertsev, developer of cryptocurrency mixer Tornado Cash, who is being held in a Dutch prison, will not be able to be released on bail.
According to CoinDesk, the panel of judges has agreed that the Russian could escape or try to hide the evidence if he was released.
According to the position of the prosecutor’s office, Pertsev and his colleagues did not just publish the code, but ran Tornado Cash like a business. The agency compared them to bank employees who accepted large amounts of suspicious funds without question.
Pertsev denied the allegations against him. The next hearing in the case will take place at the end of April.
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