- Alexey Pertsev is the developer of the banned platform Twister Money.
- Pertsev was arrested by Dutch authorities in August 2022
- Earlier, a Dutch courtroom determined to detain Pertsev till his subsequent listening to in late April.
The value of Twister Money (TORN) has risen 15% after a Dutch choose determined to launch Alexey Pertsev, the developer of the Twister Money mixing service.
Regardless of the ban on Twister Money, its native token TORN has been doing fairly properly not too long ago. The token has appreciated greater than 30% up to now seven days.
Arrest and detention of Alexey Pertsev
Dutch authorities arrested Alexey Pertsev in August 2022 nearly instantly after the US Treasury Division sanctioned Twister Money.
The US Treasury Division has alleged that a number of hacker teams, together with the North Korean state-backed Lazarus Group, used the crypto mixer to launder stolen property. He claimed that hackers had laundered greater than $7 billion value of cryptocurrencies since 2019, together with the $80 million stolen from the Ethereum-based Beanstalk Farms protocol in April 2022.
Nonetheless, the Twister Money ban has drawn criticism from a number of gamers, together with crypto advocacy group Coin Middle which filed a lawsuit in October 2022 claiming that the Treasury was overstepping its authority with the sanctions aimed toward crypto buyers in america. Coinbase additionally not too long ago supported a six-complaint lawsuit in opposition to Twister Money.
Two months in the past a Dutch courtroom determined to maintain Alexey Pertsev in custody till his subsequent listening to later in April, though that has now modified after a choose dominated he could be launched beneath strict situations .
