Business
Tornado Cash developer Alexey Pertsev denied bail while preparing appeal
Tornado Cash developer Alexey Pertsev has been denied bail while awaiting an appeal, a decision made by a Dutch court. Pertsev has been detained since August 2022 after the United States sanctioned Tornado Cash for its alleged role in laundering over $1 billion in illicit funds. The court’s decision to keep Pertsev in custody is based on concerns that he poses a flight risk and might interfere with the ongoing investigation.
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