Tornado Cash Co-Founder Alexey Pertsev Denied Bail by Dutch Court

As a researcher following the developments in the Tornado Cash case closely, I find myself deeply concerned about the recent denial of bail for Alexey Pertsev by a Dutch court. Pertsev, a co-founder and developer behind this popular DeFi protocol, was found guilty of money laundering by a Dutch judge earlier this year and sentenced to 64 months in prison.

As a crypto investor following the latest developments, I’ve learned that Alexey Pertsev, the visionary mind behind Tornado Cash, was unsuccessful in securing bail last Friday, as reported by DLNews.

According to a report, Pertsev’s legal team argued for bail so he could prepare for his appeals in custody. However, the court responded that his detention did not hinder his ability to mount a defense.

A Dutch judge at the courthouse of s-Hertogenbosch found Pertsev guilty of money laundering in May and imposed a 64-month prison sentence. This ruling, which sent ripples of disbelief through the community, is being hailed as the most significant legal case in the crypto sphere.

Last month, Cheng attempted to secure digital resources such as a computer for Pertsev, yet was unsuccessful despite his compelling argument, based on the technical aspects of DeFi, during their discussion with DLNews. Pertsev’s expertise is indispensable for the type of preparation that goes beyond a lawyer’s capabilities, according to Cheng.

Ameen Soleimani, a friend of Pertsev and the founder of JusticeDao, mentioned on X that “despite a potential acceptance of his appeal request, he would likely spend the next year in prison as his legal team prepares for the upcoming appeal hearing.”