Alright, folks, buckle up because this story is a wild ride! 🎢 Alexey Pertsev, the Tornado Cash developer, has been on one heck of a legal rollercoaster. 🎢
After being thrown in the slammer back in August 2022 (talk about a buzzkill, am I right?), the guy finally got a break when a Dutch court suspended his pretrial detention on February 6th. 🙌 But don’t get too excited, because he’s still under house arrest, which is basically like being grounded by your parents. 🏠
Now, the reason Pertsev was in the clink in the first place? Apparently, the Dutch court found him guilty of money laundering back in May 2024. 💰 But get this, the developers of Tornado Cash had no control over the funds that passed through the protocol. 🤯 Talk about a case of “guilty by association” if I ever saw one!
But wait, there’s more! The US government also got in on the action, slapping Tornado Cash with sanctions in the same month Pertsev was detained. 🤦♂️ Apparently, they thought the service was being used to launder over $7 billion in illicit funds. 💸
However, in a surprising twist, the US Fifth Circuit Appeals Court ruled that the government overstepped its authority in sanctioning Tornado Cash’s immutable contracts. 🤯 And just last month, the US District Court for the Western District of Texas overturned the sanctions altogether. 🎉
So, in the end, it looks like Pertsev and Tornado Cash are coming out on top, despite all the legal drama. 👏 But hey, at least he’s got a good story to tell at parties, right? 🍻
Read More
- Invincible Season 4: What We Know About Release Date and Plot Speculation!
- ZK PREDICTION. ZK cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- NYM PREDICTION. NYM cryptocurrency
- ONT PREDICTION. ONT cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- FIL PREDICTION. FIL cryptocurrency
- EUR INR PREDICTION
- COW PREDICTION. COW cryptocurrency
2025-02-08 00:40