The developer of the crypto mixing protocol Twister Money is now making ready for his attraction whereas behind bars.
Alex Pertsev is in jail after being discovered guilty of cash laundering by The Netherlands’ Oost-Brabant district court docket which sentenced him to 64 months of jail time in Could.
Pertsev was convicted resulting from his involvement within the creation of Twister Money, which helps customers conceal their crypto transactions by way of obfuscation.
In a press release on the social media platform X, Pertsev says the court docket is conserving him detained whereas he prepares to attraction his case. He says the court docket’s determination will derail his potential to problem the preliminary conviction.
“I’m unhappy to announce that, regardless of our greatest efforts, the court docket determined to delay my pre-trial detention. This determination considerably complicates my potential to arrange for the attraction, however I stay decided to proceed preventing for justice.”
The Treasury Division’s Workplace of Overseas Property Management (OFAC) imposed a sanction on Twister Money in 2022 for serving to launder greater than $7 billion price 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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