The new details come after the Dutch judge denied Pertsev's bail request.
Tornado Cash was added to the US sanctions list by the Office of Foreign Asset Control on August 8. Two days later, Alexey Pertsev, a coder tied to the crypto mixing service, was arrested by Dutch authorities.
The blacklisting and the subsequent events sparked an outcry from privacy proponents, with many protesting and engaging in acts of civil disobedience. But according to intelligence firm, Kharon, Pertsev was formerly employed by a company linked to Russia’s Federal Security Service . The report said, “The individual, identified by various media reports as a developer of Tornado Cash, is a former employee of a Russian company sanctioned for providing support to Russia’s Federal Security Service , Kharon has found.”that Tornado Cash was developed by a Delaware-registered corporation called PepperSec, with Pertsev being its founder and CEO. Pertsev, a Netherlands resident, reportedly worked at Digital Security OOO as an information security specialist and developer of smart contracts.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dutch probe baby’s death amid ‘inhumane’ conditions at asylum centersDutch authorities are investigating the death of a three-month-old infant at a makeshift shelter as the country struggles to accommodate an influx of asylum seekers.
Read more »
Tether says it's not freezing Tornado Cash addresses until government tells it toTether issued a statement explaining why it is not freezing wallet addresses linked to Tornado Cash.
Read more »
Opinionated: Tornado Cash Saga Fuels Protest After Developer's Arrest on Apple Podcasts“Don’t we think that privacy, ultimately, is going to be an impossible pipe dream?” btschiller gets pessimistic about privacy on “Opinionated” with guest jackschickler. Listen to learn what the TornadoCash sanctions mean for the future of privacy.
Read more »
Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor – Op-Ed Bitcoin NewsNo privacy. No property. No prosperity. If you follow the news, you've seen the trend — limits on cash transactions, the emergence of CBDCs, and more recently, the U.S. TornadoCash ban.
Read more »
Researchers Reupload Sanctioned Tornado Cash Code on GitHubThe researcher said the loss of Tornado Cash's source code will be detrimental to the scientific and technical communities in the US.
Read more »
Houston police looking for shirtless serial robbery suspect caught on cameraAuthorities need your help identifying a man linked to several robberies in the Houston area, most recently where he was seen shirtless walking out with the cash drawer.
Read more »