Developer Jailed for $1.2B Laundering Seeks $1M for Legal Fight Amid Crypto Community Support
August 11, 2024Alexey Pertsev, a developer of Tornado Cash, is seeking financial support for his legal battle in the Netherlands after being sentenced to over five years in prison.
On May 14, Pertsev was convicted of money laundering by the 's-Hertogenbosch Court of Appeal and sentenced to five years and four months in prison, based on allegations of laundering $1.2 billion through Tornado Cash.
Having exhausted his funds, Pertsev is currently facing significant financial challenges as he prepares to appeal the money laundering charges.
On August 10, Pertsev launched a fundraising campaign on the social media platform X, aiming to raise between $750,000 and $1 million for his legal expenses.
A support account for Pertsev has emphasized the urgent need for financial contributions to cover ongoing legal costs.
The fundraising campaign encourages donations in Ethereum through the decentralized platform Juicebox, highlighting the importance of privacy and open-source development.
JusticeDAO, an advocacy group, has been established to raise funds for Pertsev's legal defense, successfully collecting over 654 Ether (approximately $2.3 million) by June 19.
An additional 70 Ether has been raised via the JusticeDAO page, with Juicebox providing transparency through a publicly available spreadsheet for tracking expenses.
The crypto community is rallying behind Pertsev and his co-developer Roman Storm, who are both facing serious charges related to Tornado Cash.
Daniel Buchner from Block has criticized the idea that developers could be held criminally or civilly liable for how their code is used, regardless of its application.
Privacy advocates express concern over Pertsev's case, fearing it sets a dangerous precedent that could hold developers liable for the misuse of their open-source software.
The US government has initiated legal actions against several crypto privacy service providers, further highlighting the regulatory challenges facing the blockchain community.
Summary based on 2 sources
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Sources
Cointelegraph • Aug 11, 2024
Tornado Cash dev Alexey Pertsev seeks more funding for legal appealBeInCrypto • Aug 11, 2024
Tornado Cash Developer Alexey Pertsev Seeks $1 Million for Legal Defense