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Home » Nym CEO deems Tornado Cash sentence as ‘extremely unjust and illogical’
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Nym CEO deems Tornado Cash sentence as ‘extremely unjust and illogical’

2024-05-30No Comments2 Mins Read
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Nym CEO deems Tornado Cash sentence as 'extremely unjust and illogical'
Nym CEO deems Tornado Cash sentence as 'extremely unjust and illogical'
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Harry Halpin, the CEO of Nym, a project that prioritizes privacy, recently expressed his views on the sentence given to Alexey Pertsev, the developer of Tornado Cash. During an interview with Jonathan DeYoung from Cointelegraph at Consensus 2024, Halpin described the sentence as “extremely unfair and unreasonable” and offered some comparisons to illustrate his point.

Halpin referred to the history of World War II as an example of why privacy is crucial in the 21st century. He explained that during that time, the Netherlands lost a significant portion of its Jewish population due to the Nazis’ advanced identity tracing systems, which were not present in countries like France. Although these systems may seem outdated compared to our modern surveillance architecture, they were considered cutting-edge and robust in the 1930s. Halpin expressed surprise that the courts in the Netherlands, where Pertsev was sentenced, failed to understand this lesson.

Pertsev was given a 64-month prison sentence for his involvement in the development of Tornado Cash software in May 2024. Halpin urged Pertsev to appeal this ruling.

In related news, Vitalik Buterin’s wallet contributed 30 ETH to the Tornado Cash legal fund.

The Tornado Cash case dates back to 2022 when the United States Office of Foreign Assets Control (OFAC) imposed sanctions on the platform, accusing it of facilitating money laundering and providing an avenue for other sanctioned entities to evade U.S. sanctions. Federal law enforcement officials claimed that the service helped launder over $1 billion in illicit funds.

The following year, a U.S. district court ruled in favor of the sanctions, and the Southern District of New York filed charges against Tornado Cash developers Roman Storm and Roman Semenov.

Both developers now face charges of money laundering and violating sanctions in the United States, where their cases are currently pending.

When the charges were announced, U.S. Attorney General Merrick Garland issued a warning, stating that these charges should serve as a reminder to those who think they can use cryptocurrency to conceal their crimes and identities. Garland emphasized that no matter how sophisticated their schemes are or how many attempts they make to anonymize themselves, the Justice Department will track them down.

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