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Tornado Cash Co-Founder Alexey Pertsev Denied Bail by Dutch Court
Pertsev sought bail to allow him to prepare for his appeal to the verdict in May which found him guilty of money laundering.
- Alexey Pertsev was denied bail by a Dutch court on Friday, according to DLNews.
- Pertsev's lawyers were seeking bail to allow the Russian to prepare for his appeals process
Alexey Pertsev, the co-founder and developer behind Tornado Cash, was denied bail by a Dutch court on Friday, according to DLNews.
Pertsev's lawyers were seeking bail to allow the Russian to prepare for his appeals process but the court said "that continuing his detention does not obstruct his possibility to prepare his defense,” Keith Cheng, Pertsev's lawyers said according to the report.
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Pertsev was found guilty of money laundering by a Dutch judge at s-Hertogenbosch court in May and handed 64 month prison time by the court. The verdict sent shock waves within the community leaving several outraged. The case has been described as the most pivotal legal case in crypto.
Last month, Pertsev was denied digital facilities like a computer despite an 18 point presentation by Cheng to reflect that the case revolves around technical aspects of DeFi. Pertsev is a crucial source of knowledge for the kind of preparation that "cannot be done by a lawyer," Cheng told DLNews.
Ameen Soleimani, Pertsev's friend who has started JusticeDao to help coordinate the legal defense in the Tornado Cash cases, wrote on X that "even if his appeal attempt is accepted, he will have to sit in prison for the next year or so while his defense lawyers prepare for the appeal hearing."
Read More: Crypto Community Voices Outrage at Tornado Cash Developer Verdict
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Tarafından sipariş edildiKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Bilinmesi gerekenler:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Iran accepts cryptocurrency as payment for advanced weapons
Prospective customers could purchase weapons such as missiles, tanks and drones using crypto, according to a government website.
Bilinmesi gerekenler:
- Iran's Ministry of Defence Export Center is accepting cryptocurrency payments for advanced weapons systems as a means of bypassing international sanctions that the country faces.
- The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times.
- The facility for using cryptocurrency to pay for transactions involving sanctioned countries is already well established.
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