Tornado Cash Developer Appeals Money Laundering Conviction, Seeks Overturning Verdict
Alexey Pertsev, the developer behind Tornado Cash, has lodged an appeal with the s-Hertogenbosch court of appeal after being found guilty of money laundering.
The appeal process is anticipated to take around several months, although it remains unclear whether the appeal has been granted.
Pertsev, who received a 64-month prison sentence, has the option to request a home confinement while awaiting the appeal trial.
Notably, following Tuesday’s verdict, he was immediately taken into custody to commence serving his sentence.
“Tornado Cash does not pose any barrier for people with criminal assets who want to launder them,” according to a rough translation of the verdict.
The court found Pertsev guilty of the charged money laundering activities based on this assessment.
Pertsev was detained in the Netherlands in August 2022 when Tornado Cash was blacklisted by the U.S. government.
At the time, the U.S. Treasury accused Tornado Cash of being a crucial tool for the North Korean hacking group Lazarus.
This group has been linked to major crypto thefts, including the $625 million hack of Axie Infinity’s Ronin Network.
Roman Storm and Roman Semenov, who also played a role in the development of the crypto mixer, are facing allegations of money laundering and sanctions violations in the United States.
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