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Tornado Cash developer Alexey Pertsev has been found guilty of money laundering and sentenced to 64 months (approx. 5 years) in prison by a Dutch court. Pertsev, 31, was convicted of laundering $1.2 billion of crypto through his app. The police seized all his assets, including cars and crypto, claiming Tornado Cash was used as a tool for criminal activities. The verdict has raised concerns about holding open-source developers accountable for criminal activity facilitated by their tools.
ICYMI: Tornado Cash founder Alexey Pertsev has been found guilty of laundering $1.2B in illicit assets and sentenced to 64 months in prison by Dutch judges. Details below: ↓ https://t.co/fBlEm8Uc0R
Most everyone I know sat quietly as they arrested tornado cash developers, then they arrested Samourai wallet developers. I presume probably because it didn't really register how egregious of a overstep that was, but it was. It's very alarming to have developers arrested for… https://t.co/tiIUu1CMgU
A big difference between the two Tornado Cash money laundering cases seems to be that if Storm, Semenov and Pertsev had walked away from Tornado in early 2020, the would not have been indicted in the U.S. But they still would have been indicted in the Netherlands.