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Tornado Cash Founder’s Case: Hearing Rescheduled

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On February 15, according to CryptoCanal, the second round of hearing on the case of Alexey Pertsev, founder of Tornado Cash, a cryptocurrency hybrid service, …

Tornado Cash Founder’s Case: Hearing Rescheduled

On February 15, according to CryptoCanal, the second round of hearing on the case of Alexey Pertsev, founder of Tornado Cash, a cryptocurrency hybrid service, will be held at 21:45 Beijing time on February 15 at the Scheertohenbos Court in the Netherlands.

The second round of hearing about the founder of Tornado Cash will be held tonight

Interpretation of the news:


The cryptocurrency world is known for its anonymity and lack of regulations. Despite this, when individuals are suspected of using cryptocurrencies for any illicit activities or for evading taxes, the law still applies. One such case is that of Alexey Pertsev, the founder of Tornado Cash- a cryptocurrency hybrid service.

Tornado Cash is a privacy-preserving Ethereum mixer launched in 2019. The platform enables users to privately and securely transact on the Ethereum network. Users send their ETH to a smart contract address and receive ETH back from a different address, making it impossible to trace transactions. Although Tornado Cash has been used for legitimate purposes, such as preserving user privacy, it has also been used for less savory activities, including money laundering.

The court case against Pertsev came about in October 2020 when the Dutch Financial Investigation Service (FIOD) began a criminal investigation of Tornado Cash. Pertsev was arrested, and his home was searched in November 2020. Although the FIOD stated that the arrest was intended to gather evidence and that it did not mean that Pertsev was guilty, it was clear that the investigation was far from over.

The second hearing in Pertsev’s case was initially scheduled for December 2020, but it was postponed to January 2021. Now, it has been rescheduled to take place on February 15, according to CryptoCanal.

The hearing will be held at the Scheertohenbos Court in the Netherlands. This hearing will determine whether there is enough evidence to charge Pertsev with breaking money laundering laws. The verdict will determine the severity of the punishment.

In conclusion, Tornado Cash is an example of how cryptocurrencies can be used for good or bad. Pertsev’s case highlights the measures that authorities are taking to enforce laws and regulations within the cryptocurrency industry. The outcome of the hearing will be essential in determining the next steps for Pertsev and Tornado Cash. It will also serve as a warning to other actors who may be using cryptocurrencies for illegal activities.

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