Cryptocurrency

Tornado Cash dev Alex Pertsev set to be released from prison under surveillance

Tornado Cash developer Alex Pertsev is set to be released from jail after spending nearly nine months in prison. Pertsev was arrested in August last year by Dutch authorities on suspicion of being involved in money laundering through the crypto mixing service Tornado Cash.

Cointelegraph confirmed the news with the people familiar with the matter, and Pertsev is all set to be back home by April 26, which also happens to be his birthday.

Pertsev was arrested shortly after the United States Treasury Department placed dozens of Tornado Cash addresses on the Office of Foreign Asset Control (OFAC) sanctions list on Aug. 8. 

The suspended release would see Pertsev put under supervision with an ankle monitor, according to Pertsev’s wife who talked to Cointelegraph and expressed her happiness on the verdict:

“I believe that now we will be able to fully prepare the defense and prove that Alex did not do anything that he is accused of, and I am very sorry for the wasted time that he spent in prison. It had a powerful effect on him and on me, it cardinally changed our lives. But the main thing is that he will be free soon.”

This is a developing story, and further information will be added as it becomes available.

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