April 19, 2024

A rally in support of the Tornado Cash developer will be held in Amsterdam

A rally in support of the Tornado Cash developer will be held in Amsterdam

On August 20, a rally will be held in Amsterdam in support of the person arrested last week in the NetherlandsAlexey Pertsev, developer of Tornado Cash cryptocurrency mixer.

The authorities suspect him of involvement in money laundering and concealment of criminal financial flows through the service.

According to the initiative group, the arrest of Pertsevsets a dangerous precedent for holding open source developers accountable for misuse of those products.

«The developer has no control overhow its open source code will subsequently be used. Therefore, the charges against Alexey Pertsev threaten to kill the entire segment of such software,” they wrote.

The rally will start at 16:00 in Dam Square. Additional information can be found in the Telegram group.

Recall that on August 8, OFAC added to the sanctions list the Tornado Cash cryptocurrency mixer on suspicion of laundering over $7 billion in cryptocurrencies.

Members of the decentralized autonomous organization Tornado DAO called on the community to hire a team of lawyers to challenge the blocking of the service in court.

Later, the Coin Center, a human rights organization focused on the crypto industry, announced its intention to challenge the restrictions imposed by the United States.

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