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COINTURK NEWS > Cryptocurrency Law > Tech Developer Gains Conditional Release After Legal Struggles in the Netherlands
Cryptocurrency Law

Tech Developer Gains Conditional Release After Legal Struggles in the Netherlands

In Brief

  • Alexey Pertsev gains conditional release after months of detention in the Netherlands.

  • He faces serious allegations related to the Tornado Cash platform's activities.

  • The appeal process marks a pivotal moment in his ongoing legal battles.

İlayda Peker
İlayda Peker 3 months ago
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The Dutch court has decided to conditionally release Alexey Pertsev, a programmer linked to the Tornado Cash protocol. Pertsev had been detained during an ongoing investigation and faced various allegations. He is now released under the condition of wearing an electronic bracelet, and he has the opportunity to appeal the cases against him.

Contents
The Conviction Process and DecisionPrevious Arrest and AllegationsAppeal Process and New Path Ahead

The Conviction Process and Decision

Pertsev is known as one of the developers of the Tornado Cash platform, which was sanctioned by the U.S. Treasury in 2022. Reports indicate that after an eight-month investigation by Dutch authorities, pressure was applied for his release due to a lack of accomplice charges. However, the recent developments suggest a new phase in the legal proceedings.

Previous Arrest and Allegations

Pertsev was arrested by Dutch authorities in August of the same year. The allegations focused on helping Tornado Cash users obscure their financial gains for criminal purposes. In May, the Oost-Brabant district court sentenced him to 5 years and 4 months in prison, holding him responsible for money laundering over $2 billion.

Appeal Process and New Path Ahead

The programmer has filed an appeal against the conviction and aims to achieve release during the appeals process. Authorities indicate that this development will allow him to find employment outside of prison. This situation is believed to provide him the opportunity to exercise his right to appeal the conditional release decision from the court.

Pertsev, who has shared messages of support on social media, emphasized the importance of seeking justice during the appeals process. He expressed gratitude towards everyone who supported him and stated his intention to use this decision as an opportunity to contest the current conviction. The developments highlight uncertainties in the ongoing judicial process, and the new decision calls attention to the controversial nature of the charges against him.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 8 February, 2025 - 6:35 pm 8 February, 2025 - 6:35 pm
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