More than 50 people gathered in Amsterdam's Dam Square on Saturday to protest the arrest of blockchain developer Alexey Pertsev, who was was arrested Aug. 10 on suspicion of involvement in the Tornado Cash protocol that was sanctioned earlier this month by U.S. authorities.
The 29-year-old was held just two days after the U.S Treasury froze Tornado, a virtual-currency mixer it said was used by North Korean hackers. After an Aug. 12 closed-door hearing, an examining judge agreed to keep him in custody for two weeks. A press release issued by Dutch financial crime authority FIOD said the arrest was on suspicion of “involvement in concealing criminal financial flows and facilitating money laundering” through the service, which can obfuscate the source and destination of funds that pass through it.
While the system can be used to bury criminal proceeds, it also has legitimate applications. Dutch authorities have not stated just which laws Pertsev allegedly broke. Different press...
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