Bail Denied for Tornado Cash Dev Alexey Pertsev Amid Money Laundering Conviction Appeal

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Bail Denied for Tornado Cash Dev Alexey Pertsev Amid Money Laundering Conviction Appeal
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A Dutch court has denied bail for Tornado Cash developer Alexey Pertsev, who was convicted of money laundering in May.

“The court says that continuing his detention does not obstruct his possibility to prepare his defense.” “This unprecedented case addresses when a software developer can be criminally liable for third-party misuse which will benefit the entire legal system.”At a hearing last month, Cheng revealed that he had outlined 18 points for Pertsev’s appeal that needed computer access, which was required by the court to process the request. However, to Cheng’s surprise, the request for the dev’s release from detention was denied.

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