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    Home»Markets»Twister Money Developer Says Court docket Has Derailed Enchantment Efforts After Prolonging His Pre-Trial Detention – The Each day Hodl
    Twister Money Developer Says Court docket Has Derailed Enchantment Efforts After Prolonging His Pre-Trial Detention – The Each day Hodl
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    Twister Money Developer Says Court docket Has Derailed Enchantment Efforts After Prolonging His Pre-Trial Detention – The Each day Hodl

    By Crypto EditorNovember 25, 2024No Comments2 Mins Read
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    The developer of the crypto mixing protocol Twister Money is now making ready for his attraction whereas behind bars.

    Alex Pertsev is in jail after being discovered responsible of cash laundering by The Netherlands’ Oost-Brabant district courtroom which sentenced him to 64 months of jail time in Could.

    Pertsev was convicted resulting from his involvement within the creation of Twister Money, which helps customers conceal their crypto transactions by means of obfuscation. 

    In an announcement on the social media platform X, Pertsev says the courtroom is retaining him detained whereas he prepares to attraction his case. He says the courtroom’s resolution will derail his skill to problem the preliminary conviction.

    “I’m unhappy to announce that, regardless of our greatest efforts, the courtroom determined to delay my pre-trial detention. This resolution considerably complicates my skill to organize for the attraction, however I stay decided to proceed combating for justice.”

    The Treasury Division’s Workplace of International Belongings Management (OFAC) imposed a sanction on Twister Money in 2022 for serving to launder greater than $7 billion price of crypto belongings, together with these from the North Korean government-linked hackers, the Lazarus Group.

    Earlier this month, Congressman Brad Sherman (D-California) and 6 different members of the U.S. Home of Representatives wrote to Treasury Secretary Janet Yellen in opposition to Twister Money nonetheless being on-line and functioning regardless of the sanctions.

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    Twister Money Developer Says Court docket Has Derailed Enchantment Efforts After Prolonging His Pre-Trial Detention – The Each day Hodl

    Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any losses chances are you’ll incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in affiliate marketing online.

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