- Tornado Cash is an Ethereum privacy tool.
- Alexey Perstev has been ordered to stay in jail until Feb. 20 after a Netherlands court found the Tornado Cash developer represented a flight risk.
- He has been held in detention since August, days after the U.S. Treasury used sanction powers against the Tornado protocol.
- The hearing saw the Dutch public prosecutor announce money laundering charges for the first time. The prosecutor had said little more about the case than a press release, but now accused Pertsev of facilitating the processing of dirty money by writing the Tornado Cash code.
- The Dutch public prosecutor brushed aside arguments that Tornado Cash was a decentralized protocol which Pertsev was powerless to control, claiming that it was in fact one and the same as PepperSec, a company for which Pertsev worked alongside fellow developers Roman Semenov and Roman Storm.
No two users can claim the same addresses on the platform ensuring that there is no cross-attestation. Additionally, if a user removes an address or wallet, that address cannot be re-attested for at least 60-days.
Block (formerly Square) will be manufacturing their upcoming hardware wallet in Austin, Texas. This post highlights the process they took when making this decision.
Genesis is the main partner in Gemini’s “earn” programme, where retail investors lend out their coins in exchange for a fixed stream of returns. Gemini halted withdrawals from the scheme last month.