Alexey Pertsev awaits trial for charges related to money laundering and other financial crimes on March 26 in the Netherlands.
Tornado Cash developer Alexey Pertsev was accused of laundering $1.2 billion of illegal funds through the platform, according to an indictment in the Netherlands obtained by DL News.
The indictment alleges that Pertsev was involved in money laundering on Tornado Cash and cited 36 transactions on the platform that it alleges were illegal. One such transaction was of 175 ETH purportedly derived from the Ronin Bridge hack, in which the blockchain popularized by the web3 game Axie Infinity lost 173,600 ETH among other assets in an exploit worth a total of $590 million in March 2022.
Pertsev awaits trial in the Netherlands on March 26 for charges related to money laundering and other financial crimes. Pertsev was initially arrested in August 2022. At the time, authorities in the Netherlands said that at least $1 billion of criminally derived cryptocurrencies passed through Tornado Cash, whose team members profited from the transactions, The Block previously reported. Tornado Cash is a crypto mixer that facilitates private on-chain transactions by taking numerous transactions, pooling funds together and then doling out the money to hide their origin.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. issues hundreds of new Russia sanctions over Alexey Navalny's death and war in UkraineThe sanctions against Russia and its military come as the Ukraine war enters its third year, and they follow the sudden death of Russian dissident Alexey Navalny.
Read more »
Live updates: The funeral of Alexey Navalny, Russian opposition figureThe funeral for Russian opposition figure Alexey Navalny will take place on Friday in Moscow, according to the late Russian opposition figure's spokesperson. Follow for live updates.
Read more »
Alexey Navalny's widow says Russia 'hiding his body, refusing to give it to his mother'Russian officials say leading opposition figure Alexey Navalny suffered 'sudden death syndrome' in prison.
Read more »
More than 400 detained in Russia as country mourns the death of Alexey NavalnyA prominent rights group says over 400 people have been detained in Russia while paying tribute to opposition leader Alexey Navalny.
Read more »
Biden says he's considering additional sanctions on Russia over Alexey Navalny's deathPresident Biden has blamed Russian President Vladimir Putin for the death of opposition leader Alexey Navalny.
Read more »
Biden meets with Alexey Navalny's wife and daughter to express 'heartfelt condolences''The President expressed his admiration for [Alexey] Navalny's extraordinary courage and his legacy of fighting against corruption and for a free and democratic Russia,' the White House said.
Read more »