The software developer who is behind bars because of his involvement in the crypto mixing protocol Tornado Cash will be conditionally released from prison.

In a post on social media platform X, Alexey Pertsev says he will be out on Friday after a Dutch court decided to suspend his pretrial detention.

He says he has to wear an electronic monitor as a condition for his release.

“Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison.”

Pertsev is one of the developers of Tornado Cash, the popular coin mixing service that the U.S. Treasury Department sanctioned in 2022.

In August 2022, Dutch authorities arrested Pertsev, accusing him of helping Tornado Cash users conceal the proceeds of their criminal activities.

In May, the Netherlands’ Oost-Brabant district court sentenced Pertsev to five years and four months in jail for laundering over $2 billion worth of funds.

The developer initiated an appeal and petitioned the court to grant him bail. This week’s development will allow him to challenge his conviction without the constraints of confinement.

“This will give me a chance to work on my appeal and fight for justice. Thank you to everyone who supported me and who made this possible!”

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Tornado Cash Developer Alexey Pertsev Released From Dutch Prison As He Appeals Five-Year Sentence appeared first on The Daily Hodl.

The software developer who is behind bars because of his involvement in the crypto mixing protocol Tornado Cash will be conditionally released from prison.

In a post on social media platform X, Alexey Pertsev says he will be out on Friday after a Dutch court decided to suspend his pretrial detention.

He says he has to wear an electronic monitor as a condition for his release.

“Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison.”

Pertsev is one of the developers of Tornado Cash, the popular coin mixing service that the U.S. Treasury Department sanctioned in 2022.

In August 2022, Dutch authorities arrested Pertsev, accusing him of helping Tornado Cash users conceal the proceeds of their criminal activities.

In May, the Netherlands’ Oost-Brabant district court sentenced Pertsev to five years and four months in jail for laundering over $2 billion worth of funds.

The developer initiated an appeal and petitioned the court to grant him bail. This week’s development will allow him to challenge his conviction without the constraints of confinement.

“This will give me a chance to work on my appeal and fight for justice. Thank you to everyone who supported me and who made this possible!”

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Tornado Cash Developer Alexey Pertsev Released From Dutch Prison As He Appeals Five-Year Sentence appeared first on The Daily Hodl.