Netherlands (Country)


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Alleged Tornado Cash Developer Must Stay in Jail; Judge Approves Voyager Paying 'Retention' Bonuses

Alexey Pertsev, accused of facilitating money laundering via now-sanctioned Tornado Cash, must stay in jail for at least 90 more days, a Netherlands judge ruled Wednesday. Crypto-focused venture capital firm Electric Capital has named former SEC Chairman Jay Clayton as an adviser, according to Bloomberg. A U.S. federal judge ruled crypto lender Voyager Digital, which is undergoing bankruptcy proceedings, can pay more than 30 employees a collective $1.6 million as a "retention" award.

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Protest Against Tornado Cash Developer’s Arrest

More than 50 people gathered in Amsterdam’s Dam Square Saturday to protest the arrest of blockchain developer Alexey Pertsev. He was arrested Aug. 10 on suspicion of involvement in the Tornado Cash protocol that was sanctioned earlier this month by U.S. authorities.

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Suspected Tornado Cash Developer Under Arrest Is Reportedly Identified

According to The Block, the developer who was arrested in Amsterdam and is suspected of being involved in the sanctioned Tornado Cash protocol is Alexey Pertsev. “The Hash” panel discusses the latest in the Tornado Cash saga as the Discord channel of the sanctioned crypto mixer appears to be offline.

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