Share this article
Tornado Cash Developer Alexey Pertsev Appeals Guilty Verdict
Pertsev was found guilty of money laundering on Tuesday by a Dutch judge.
Updated May 16, 2024, 8:33 p.m. Published May 16, 2024, 8:48 a.m.
- Tornado Cash developer Alexey Pertsev filed an appeal with the Court of Appeal s-Hertogenbosch.
- Pertsev was found guilty of money laundering on Tuesday.
Tornado Cash developer Alexey Pertsev filed an appeal with the s-Hertogenbosch court of appeal after being found guilty of money laundering on Tuesday , a spokesperson for the court said.
It could take a number of months before the first hearing occurs. The court was not able to say if the appeal has been approved.
STORY CONTINUES BELOW
Pertsev, who was sentenced to 64 months in jail, has the opportunity, if he wants, to ask to await the appeal trial at home. He was escorted to commence his time in prison immediately after Tuesday's verdict.
"Tornado Cash does not pose any barrier for people with criminal assets who want to launder them," according to the translated verdict seen by CoinDesk at the time. "That is why the court regards the defendant guilty of the money laundering activities as charged."
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Most Influential: The Lazarus Group
The crypto industry’s most notorious hackers continue to break records, highlighting the importance of taking every step possible to secure wallets.
Top Stories
