Tornado Cash sentence 'radically unfair and unreasonable' — Nym CEO

United Kingdom News News

Tornado Cash sentence 'radically unfair and unreasonable' — Nym CEO
United Kingdom Latest News,United Kingdom Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

CEO Harry Halpin of Nym, a privacy-focused project, remarked on the draconian sentence handed down by Dutch prosecutors in the now-infamous Tornado Cash case.

Harry Halpin, the CEO of Nym, a privacy-focused project, recently shared his thoughts on the sentence handed down to Tornado Cash developer Alexey Pertsev.

"The punishment is not proportional either. Years in jail because some guy from North Korea used your software. I mean, people in North Korea use Linux. Are you going to put Richard Stallman in jail? You know, they probably use, you know, stolen copies of Windows. They're going to put Bill Gates in jail? That's crazy."

Such systems pale in comparison to our modern surveillance architecture, but in the 1930s such systems were considered cutting-edge and robust. Halpin expressed surprise that courts in the Netherlands, where Alexey Pertsev was sentenced, failed to grasp this lesson. In 2022, the United States Office of Foreign Assets Control issued sanctions against Tornado Cash for allegedly facilitating money laundering and providing an avenue for other sanctioned entities to sidestep U.S. sanctions. Federal law enforcement officials claimed that the service helped to launder over $1 billion in illicit funds.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

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.

US is experiencing more tornado outbreaks, despite fewer tornado days overall, researchers sayUS is experiencing more tornado outbreaks, despite fewer tornado days overall, researchers sayThe U.S. is now approaching the peak of strong, violent tornado occurrences.
Read more »

Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash chargesU.S. Senators Lummis and Wyden have disputed the Justice Department’s interpretation of money transmission licensing requirements in the case against Tornado Cash co-founder Roman Storm.
Read more »

The $2.3 Billion Tornado Cash Case Is a Pivotal Moment for Crypto PrivacyThe $2.3 Billion Tornado Cash Case Is a Pivotal Moment for Crypto PrivacyTuesday’s verdict in the trial of Alexey Pertsev, a creator of crypto-privacy service Tornado Cash, is the first in a string of cases that could make it much harder to skirt financial surveillance.
Read more »

Tornado Cash developer guilty of money launderingPertsev has been under arrest in the Netherlands since August 2022, after the United States government blacklisted Torn
Read more »

Tornado Cash developer Alexey Pertsev sentenced to 64 months: reportTornado Cash developer Alexey Pertsev sentenced to 64 months: reportTornado Cash developer Alexey Pertsev was convicted of laundering $1.2 billion in crypto through the coin mixer he helped build.
Read more »

Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison by Dutch CourtTornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison by Dutch CourtCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Read more »



Render Time: 2025-04-06 18:11:38