Tornado Cash developer jailed for 3 more months, community protests
Tornado Cash developer Alexey Pertsev has been ordered to be detained for another 90 days, but the FIOD has yet to issue any formal charges.
A Dutch judge has decided to detain Tornado Cash app developer Alexey Pertsev for another 90 days, pending charges. Accordingly, the court denied Pertsev's bail application after arresting him for 15 days. Xenia Malik, the developer's wife:
“It's not clear what arguments they have about not releasing my husband under house arrest. The attorneys have confirmed they keep him for an additional 90 days, but I have not seen any official documentation that would justify this.”
Under Dutch law, people suspected of breaking the law can be held in pre-trial detention for up to 110 days, during which time charges and public hearings will have to be established. initial declaration.
As of August 17, no charges have been filed against Pertsev, according to the DeFi Education Fund, a DeFi-friendly policy advocacy group that advocates for the non-public use of open source data. centralized like Tornado Cash.
Disgruntled by the decision, in Amsterdam, the crypto community gathered to protest to demand the release of the developer. They chanted the slogan "open source is not a crime" and called on the government to catch the real criminals, not innocent developers.
Tornado Cash is banned by the US
As reported by Crypto Fox News, the US Department of Treasury has approved the Office of Foreign Assets Control (OFAC) to sanction the Tornado cryptocurrency mixer Cash on 08/08. From there, any entity that still interacts with this protocol will be classified as illegal.
In a nutshell, Tornado Cash is a "money mixer", which scrambles the origin and almost wipes the transaction trace on the blockchain, to increase privacy and make tracking difficult. It is because it is an open source and completely decentralized project that has made Tornado Cash a "thorn" in the eyes of governments and law enforcement agencies.
After the ban, there was a long list of organizations/platforms blocking transactions related to Tornado Cash. These include issuers of USDC Circle, RPC providers Infura and Alchemy, exchanges dYdX, DeFi protocols Uniswap, Aave, Balancer, wallets Oasis.app, and many technology platforms. Traditional as website host, GitHub, Discord, web host of the project DAO community or most recently, the world's largest ETH mining pool also put Tornado Cash and blacklisted.
Circle ordered an immediate freeze 75,000 USDC in sanctioned wallet addresses, but had the first implication, sparking controversy over the cryptocurrency's decentralization and anti-censorship chemical. Meanwhile, Tether has maintained its decision to support Tornado Cash pending a clear request from the authorities.
And it was this blockade that sparked the new decentralization debate. Tensions escalated when the Dutch authorities Netherlands arrested a developer of Tornado Cash and  ;his wife also recently criticized when claiming that her husband is being treated badly and creating open source software does not deserve such criminalization.
Crypto Fox News summary
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