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Dutch court releases Tornado Cash co-founder to electronic monitoring, TORN rallies – TON BOT

Dutch court releases Tornado Cash co-founder to electronic monitoring, TORN rallies

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Alex Pertsev, co-founder of Tornado Cash, had his pretrial detention suspended by a Dutch court, allowing him to be under electronic monitoring while preparing an appeal. The news led to a 40% increase in TORN token price. Pertsev was arrested in 2022 for money laundering charges related to Tornado Cash but has maintained that privacy tools should not be equated with criminal activity. The Fifth Circuit Court of Appeals ordered the US Treasury to remove Tornado Cash-linked addresses from its sanctions list, suggesting updates to legislation to regulate crypto-mixers’ use.

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