US Department of the Treasury in August 2022 cryptocurrency mixing service Tornado CashHe placed it on the sanctions list of the Foreign Asset Control Office (OFAC).
After the US decision Tornado Cash developer Alex Pertsev He was also arrested in the Netherlands for alleged money laundering through Tornado Cash.
According to the news of Coindesk, Alex Pertsev, who has been detained for about nine months, will be released by the Dutch court.
The court stated in its decision that Pertsev would remain under house arrest.
Although there is no official statement yet, Pertsev’s lawyer, speaking to Coindesk, said:
“We are delighted that my client, Alex Pertsev, will be released.
We will work harder and better for his defense. “
It is stated that Tornado Cash developer will be released next Wednesday and house arrest will begin. Pertsev will not pay any bail to go under house arrest.
Alex Pertsev’s next hearing is scheduled for May 24.
The price of Tornado Cash (TORN) saw a huge spike after the news that Pertsev was about to be released.
More than 30% increase in the last 24 hours TORN It went up to the levels of $ 11.60. TORN, which has experienced some pullback, continues to trade at $ 9.95 at the time of writing.
Some analysts think that the TORN could go up to $20 after the Tornado Cash developer is released.
*Not investment advice.
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