Tornado Cash is an open-source, decentralised crypto mixer that runs on Ethereum networks.
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Unfortunately, it also helped the North Koreans successfully launder stolen money.
I cannot comprehend two things, Pertsevsaidin his closing remarks during the trial.
The fact that I am responsible for abuse of Tornado Cash by someone else.
The second thing is prison time as punishment of any amount.
I dont see how it will help me, or anyone else, or victims.
Today, the Dutch judges refuted Pertsevs claims.
When executing these activities with cryptocurrency derived from crime, Tornado Cash carries out money laundering activities.
Therefore the court judges that Tornado Cash is not just an instrument for users.
Pertsev has now been sentenced to five years and four months in prison.
The verdict could have a significant impact on the development of open-source software that enables anonymity on the blockchain.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
