As a crypto and web3 enthusiast, I am deeply passionate about the decentralized technologies that are reshaping the future of the internet. I am fascinated by the potential of blockchain towards revolutionizing the entire digital economy.
I have got myself a decent looking bluechip box 🗃
Phaver Cred Pass, your gateway to phaverium Hall of Fame 😍😍😍😍
The conviction of Alexey Pertsev, a developer of coin-mixing protocol Tornado Cash, comes from a chilling interpretation of criminal liability likely to have wider ramifications for crypto.
The Dutch court’s guilty verdict means Pertsev must now serve a sentence of five years and four months for money laundering through Tornado Cash. This is despite the fact that Pertsev had no direct involvement in the laundering itself.
Andrew Balthazor, a litigator with the legal firm Holland and Knight, spoke with Cointelegraph to explain the implications of the verdict.
“Mr. Pertsev’s conviction reinforces the views of several governments that software developers who make their software available to the public will be held liable for the foreseeable consequences of the public’s use of that software,” said Balthazor.