- The developer of the cryptocurrency tumbler Twister Money is dealing with cash laundering fees.
- Mr. Pertsev is scheduled to look in courtroom on March 26 to face trial on the fees.
- The defendant's attorneys argue that prosecutors lack transparency concerning the actual crime dedicated by the developer.
The developer of Twister Money, an open supply, uncontrolled, absolutely decentralized tumbler, is accused of laundering $1.2 billion, based on an indictment from Dutch prosecutors.
The three-page doc, written in Dutch, says Alexei Pertsev has developed a sample of partaking in cash laundering. In response to reviews, the developer is scheduled to look in courtroom within the Dutch metropolis of 's-Hertogenbosch beginning March twenty sixth.
Prosecutors listed 36 allegedly unlawful transactions within the indictment, starting from decentralized protocols to Twister Money. It additional alleges that Mr. Pertsev was an confederate in laundering property by way of the crypto mixer.
One of many alleged unlawful transactions concerned a big transaction amounting to over 175 ETH. The transaction reportedly originated from Ronin Bridge, a cryptocurrency protocol that hyperlinks the broadly performed sport Axie Infinity to Ethereum's blockchain.
Pertsev's lawyer, Keith Chen, who has been representing Pertsev since he was first arrested in August 2022, reportedly stated prosecutors are attempting to determine precisely what he dedicated to take part within the felony offenses. They declare that there’s a lack of transparency concerning their actions. Since Pertsev's arrest in August 2022, he has denied violating cash laundering legal guidelines.
In 2022, 50 demonstrators stormed Dam Sq. in Amsterdam to demand the discharge of 29-year-old Pertsev. Mr. Pertsev, who was taken into custody two days after freezing Twister Money, was sentenced on August 12, with the decide ordering him to be held for 2 weeks after a closed listening to. Pertsev will likely be launched in April 2023 after serving about 9 months and will likely be topic to monitoring with an ankle bracelet.
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