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ARTICLE · 17 JUNE 2024

If Craig David Made Court Cases…

Peters & Peters Solicitors LLP
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Peters & Peters Solicitors LLP

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Tornado Cash developer Alexey Pertsev was sentenced to 64 months for money laundering. The Dutch court found TC's design inherently facilitated laundering, with Pertsev and co-founders neglecting to prevent its misuse. The ruling raises concerns about liability for DeFi developers.

United KingdomCriminal Law
Charlotte Tregunna
Charlotte Tregunna

WELL, that was a whirlwind wasn't it?

Tornado Cash (TC) developer Alexey Pertsev, guilty of money laundering on Tuesday, off to prison on Wednesday, appealing to the Court of Appeal in Den Bosch on Thursday.

I appreciate that you might think I am about to recite the remainder of the Craig David song, "7 Days". However, unlike the gentleman in the Craig David song, I don't think Pertsev was chilling last Sunday, having started his 64-month prison sentence, imposed by the three-judge panel of East Brabant District Court in the Netherlands.

Judgement of the Dutch court

The court held that Pertsev, together with TC co-founders Roman Storm and Roman Semenov (both of whom have been indicted in the US for their involvement), developed TC in such a way that it automatically carried out the actions "essential for money laundering". The platform's in-built anonymity and "optimal concealment techniques" (such as the use of relayers and collection pools), together with

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