Alexey Pertsev, the developer of Tornado Cash, an open-source crypto-mixing protocol, will continue to be detained until his next hearing on April 21, according to a ruling by a Dutch court.
The court of East Brabant in Holland has also scheduled a pre-trial review for May 24, as reported by The Block.
In August, Dutch authorities arrested Pertsev just days after the U.S. Treasury sanctioned Tornado Cash, alleging that the crypto mixing service facilitated the laundering of funds for malicious cyber actors, including a hacking group the FBI accuses of having connections to North Korea.
In total, Tornado Cash is being accused of laundering $7 billion worth of funds, including $455 million stolen by the North Korea-linked Lazarus group, the FBI alleges.
Tornado Cash is a service that allows users to pool their crypto funds with others. It is an open-source protocol that advocates privacy in mixing and pooling users’ funds within multiple wallets, obfuscating in/out-flows of funds, an
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