The developer of the crypto mixing protocol Twister Money is now making ready for his enchantment whereas behind bars.
Alex Pertsev is in jail after being discovered guilty of cash laundering by The Netherlands’ Oost-Brabant district courtroom which sentenced him to 64 months of jail time in Might.
Pertsev was convicted as a consequence of his involvement within the creation of Twister Money, which helps customers conceal their crypto transactions by means of obfuscation.
In an announcement on the social media platform X, Pertsev says the courtroom is preserving him detained whereas he prepares to enchantment his case. He says the courtroom’s resolution will derail his capacity to problem the preliminary conviction.
“I’m unhappy to announce that, regardless of our greatest efforts, the courtroom determined to extend my pre-trial detention. This resolution considerably complicates my capacity to organize for the enchantment, however I stay decided to proceed preventing for justice.”
The Treasury Division’s Workplace of Overseas Belongings Management (OFAC) imposed a sanction on Twister Money in 2022 for serving to launder greater than $7 billion value of crypto belongings, together with these from the North Korean government-linked hackers, the Lazarus Group.
Earlier this month, Congressman Brad Sherman (D-California) and 6 different members of the U.S. Home of Representatives wrote to Treasury Secretary Janet Yellen in opposition to Twister Money nonetheless being on-line and functioning regardless of the sanctions.
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