{"id":20043,"date":"2023-04-20T15:01:44","date_gmt":"2023-04-20T15:01:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tornado-cashs-torn-takes-a-ride-after-developer-alexey-pertsev-release-news\/"},"modified":"2023-04-20T15:01:44","modified_gmt":"2023-04-20T15:01:44","slug":"tornado-cashs-torn-takes-a-ride-after-developer-alexey-pertsev-release-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tornado-cashs-torn-takes-a-ride-after-developer-alexey-pertsev-release-news\/","title":{"rendered":"Tornado Cash&#8217;s TORN takes a ride after developer Alexey Pertsev release news"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681995765605-d48455a6-f5d2-4c74-8498-3d65764ed989-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681995765605-d48455a6-f5d2-4c74-8498-3d65764ed989-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681995765605-d48455a6-f5d2-4c74-8498-3d65764ed989-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681995765605-d48455a6-f5d2-4c74-8498-3d65764ed989-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Alexey Pertsev is the developer of the banned Tornado Cash platform.<\/li>\n<li>Pertsev was arrested by Dutch officials in August 2022<\/li>\n<li>Previously, a Dutch court had ruled to detain Pertsev until his next hearing in late April.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/tornado-cash\/\">Tornado Cash (TORN) price<\/a> is up 15% after a Dutch judge ruled to release Alexey Pertsev, the developer of the mixing service Tornado Cash.<\/p>\n<p>Despite Tornado Cash being banned, its native token TORN has been performing quite well recently. The token has appreciated by over <a href=\"https:\/\/www.coinlore.com\/coin\/tornado-cash\">30% in the last seven days<\/a>.<\/p>\n<h2>Alexey Pertsev arrest and detention<\/h2>\n<p>Dutch authorities arrested Alexey Pertsev in August 2022 almost immediately after the United States Treasury Department sanctioned Tornado Cash.<\/p>\n<p>The US Treasury Department alleged that several hacker groups including North Korean state-backed Lazarus Group used the crypto mixer to launder stolen assets. It asserted that hackers laundered over $7 billion worth of cryptocurrencies since 2019 including the $80 million stolen from the <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a>-based stablecoin protocol Beanstalk Farms in April 2022.<\/p>\n<p>However, the Tornado Cash ban attracted criticism from several players including from crypto advocacy organization Coin Center which filed a legal complaint in October 2022, asserting that the Treasury was overstepping its power with the sanctions targeting crypto investors in the US. Coinbase also recently backed a lawsuit by six complaints against Tornado Cash.<\/p>\n<p>Two months ago, a Dutch court ruled to keep Alexey Pertsev detained until his next hearing later in April although that has now changed after a judge ruled that he would be released though under strict conditions.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tornado-cashs-torn-takes-a-ride-after-developer-alexey-pertsev-release-news\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Alexey Pertsev is the developer of the banned Tornado Cash platform. Pertsev was arrested by Dutch officials in August 2022 Previously, a Dutch court had ruled to detain Pertsev until his next hearing in late April. Tornado Cash (TORN) price is up 15% [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":20044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20043"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=20043"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20044"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}