Tornado Cash Developer’s Arrest Sparks Protest in Amsterdam

More than 50 people gathered in Amsterdam’s historic Dam Square this weekend in protest of Tornado Cash developer Alexey Pertsev’s arrest

article-image

Source: Tornado Cash

share

key takeaways

  • Tornado Cash developer Alexey Pertsev was arrested earlier this month over alleged facilitation of money laundering
  • Privacy advocates worry Pertsev’s arrest could have damaging consequences for open-source coders

Supporters of Tornado Cash developer Alexey Pertsev gathered in Amsterdam to protest over the weekend, almost two weeks after he was arrested in the Dutch capital.

Dutch financial crimes agency FIOD suspects the 29-year-old programmer of facilitating money laundering through the crypto-mixing service. But the agency hasn’t specified under which laws Pertsev was arrested. He is yet to be charged with a specific crime, per the latest available information.

Pertsev’s arrest has sparked widespread backlash among open source developers, and an online petition decrying his detention has garnered almost 2,000 signatures.

DeFi (decentralized finance) aggregator 1inch Network had called on individuals to join a protest rally in Amsterdam’s historic Dam Square, arguing developers, including Tornado Cash programmers, hold no control over how their code is used.

On Saturday, over 50 protesters held placards with slogans including: “Free Alex Pertsev,” “Writing open source code is not a crime,” and, “Will you arrest a gun maker for facilitating public shooting?”

Loading Tweet..

The Change.org petition, created by Helsinki-based product manager Daria Mironova, states the “accusations against Alex threaten to kill the entire open-source software segment.”

US authorities believe Tornado Cash is a primary tool for North Korean hacker crew Lazarus Group in laundering stolen cryptocurrency. 

Earlier this month, the US Treasury sanctioned the mixer’s blockchain addresses, among others, rendering it illegal for US persons to interact with the tool.

The mixer’s front-end web app is now offline, although the actual protocol — which is powered by smart contracts — persists on the Ethereum blockchain.

Pertsev’s wife Ksenia Malik told Cointelegraph last week that she hasn’t got the chance to contact him after authorities took him in.

Malik said she didn’t expect someone could be arrested for writing open source code and expressed gratitude for support shown.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

ao cover.jpg

Research

Arweave recently launched the testnet for AO computer, a new messaging protocol that will sit atop a PoS network and aims to become a scalable global compute platform through parallel processing and modularity.

article-image

Ore’s price more than tripled as the supply of new tokens paused

article-image

I spend an unhealthy amount of time thinking about crypto securities law — and I can’t see how ETH is now a securities offering under Howey

article-image

Regulators in South Korea, Japan and Singapore could follow Hong Kong’s lead as Asia responds to spot bitcoin ETF approval in the US

article-image

Martin Grant worked with the Fed for roughly 30 years before leaving his position in 2022

article-image

BitGo CEO Mike Belshe shared his thoughts on the halving and bitcoin ETFs in an interview with Blockworks

article-image

Crypto markets were largely the only ones open over a tense weekend, and they took a beating for it