No bail for the Tornado Cash developer

-

The Dutch court decided that Tornado Cash developer Alexey Pertsev will remain in custody, causing concerns about legal responsibility for software misuse.

The criminals using the euro for money laundering. The issuer of euro should be in jail?

The ongoing legal issues with Tornado Cash, a cryptocurrency mixer service, have the blockchain community worried, as developers are thinking about the consequences of being held responsible for how others use their software.

Alexey Pertsev, a 31-year-old Russian developer, was found guilty in May of money laundering tied to Tornado Cash.

The Dutch Court of Appeal in ’s-Hertogenbosch ruled that he must stay in jail. Pertsev’s lawyers asked for house arrest to help him prepare his appeal, but the court denied this request, deciding to keep him locked up.

His defense lawyer, Judith de Boer, said pre-trial imprisonment is not right for this case, making it a unique look at when a software provider might be liable for misuse of their code by others.

The criminals using Dutch roads. The roadbuilders should be in jail?

Pertsev’s lawyers, Keith Cheng and Judith de Boer, argued that he is not likely to run away and needs access to a computer and the internet to prepare for his appeal.

Cheng also said keeping Pertsev in jail goes against the European Convention on Human Rights, which promises the right to a fair trial.

This case affects more than just Pertsev; it can deliver quiet big implications for the tech community, and open-source developers are especially worried.

They fear that if they are held legally responsible for how others use their software, it might stop innovation.

Developers worry about being blamed for the actions of those who misuse their software, especially when creating tools for digital privacy.

The criminals organizing themselves trought the internet. ISP workers should be in jail?

The outcome of Pertsev’s appeal could have big effects on the entire cryptocurrency market. It is not just about one developer, but also about the ability of the whole open-source model to push forward advancements in decentralized finance.

This case looks at whether a software creator can be held criminally responsible for third-party misuse, highlighting pretty important legal issues.

Roman Storm, Pertsev’s co-developer, is facing trial in the US on similar charges. The blockchain industry is waiting for a potentially historic decision that could change developer responsibility.

Experts warn that the effects may go far beyond Tornado Cash, possibly impacting the future of open-source innovation in the crypto world.

Have you read it yet? New law in Russia would let stock exchanges trading crypto

WANT TO RECEIVE OUR LATEST NEWS? SUBSCRIBE TO OUR NEWSLETTER!


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

BlackRock is buying, no matter what

Despite the visible drop in positive Bitcoin discussions online, BlackRock’s investors continue to pour money into Bitcoin ETF, like there is no tomorrow. They know...

Polygon will replace MATIC with new token

Polygon, the Ethereum layer-2 network announced it will upgrade its native MATIC token to the new POL token starting on September 4. Conversion In the first phase,...

NFT comeback on the horizon?

Non-fungible tokens, or NFTs, saw a drop in sales during the second quarter of 2024, but experts in the Web3 space remain hopeful that these...

Don’t simp for politicians

Ethereum co-founder Vitalik Buterin advised the crypto community to avoid choosing political sides based only on their views about cryptocurrency. Buterin shared his thoughts on...

Most Popular

Guest posts