Twister Money developer Alexey Pertsev has been sentenced to 64 months in jail for laundering billions of {dollars}, based on a brand new Dutch court docket press launch.
The Netherlands’ Oost-Brabant district court docket handed down the sentence Tuesday for his involvement in creating the Ethereum (ETH)-based coin mixing system that helps customers obfuscate their digital property.
Says the court docket in an announcement,
“Twister Money doesn’t pose any barrier for individuals with legal property who wish to launder them. That’s the reason the court docket regards the defendant responsible of the cash laundering actions as charged.”
The court docket additionally dominated that “that the Porsche which had been seized and cryptocurrency with a price of about 1.9 million euros, is not going to be returned to the defendant.”
Pertsev was arrested within the Netherlands for cash laundering allegations in August 2022 after the U.S. Treasury Division banned Americans from utilizing the favored coin mixing service on the grounds it posed dangers to nationwide safety.
The US company stated on the time that Lazarus, the North Korean group allegedly behind the Axie Infinity (AXS) bridge assault that amounted to over $600 million, used Twister Money to hide their illicit positive factors.
Different builders of the crypto mixer, Roman Storm and Roman Semenov, face allegations of cash laundering and sanctions violations in america.
Storm is out on bail awaiting trial whereas Semenov has not but been arrested.
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