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International Business Times
International Business Times
Business
Marvie Basilan

Tornado Cash Developer Sentenced To Over 5 Years In Prison For Money Laundering

Outside the Netherlands, Tornado Cash is also under fire in the U.S. over the crypto mixer's alleged facilitation of Lazarus Group's transactions. (Credit: Tornado Cash Website/Screenshot)

A Dutch court has sentenced Alexey Pertsev, the developer of cryptocurrency mixing tool Tornado Cash, to 64 months in jail after a panel of judges found him guilty of money laundering.

"The district court of Oost-Brabant has sentenced a 31 year old Russian, residing in Amstelveen, to an imprisonment of 5 years and 4 months. The court ruled that the man developed and maintained a software tool, called Tornado Cash, with which in total over 2 billion U.S. dollars was laundered," the court said in a statement Tuesday.

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