Tornado Cash Dev Will Be Released Under House Arrest
Aleksey Pertsev, the developer of the Tornado Cash mixer, who was being kept in a Dutch prison, was given permission on April 26 to await his trial at home.
The next hearing in the case is scheduled for May 24. Back in August 2022, the OFAC had listed Tornado Cash on the sanctions list, believing it was used to launder over $7 billion worth of cryptocurrency.
Chainalysis estimated that more than $3.5 billion had gone through the service, including up to $1.2 billion related to theft, hacking, and other illegal activities.
As a result, Pertsev was arrested by Dutch authorities on August 12 and accused of money laundering and concealing criminal financial flows.
He has denied all accusations against him, yet his request for bail was denied in February 2023 due to the high likelihood of escape.
