Streamed on: Jan 22, 12:33 pm EST

Finance & Crypto SEC BTC bitcoin Tornado Cash

In a significant legal development, the US District Court for the Western District of Texas has reversed the OFAC sanctions, according to a Jan. 21 court filing.
The sanctions led to the arrest of Tornado Cash developer Alexey Pertsev, who was found guilty of money laundering by Dutch judges at the s-Hertogenbosch Court of Appeal on May 14, 2024. Pertsev was sentenced to five years and four months in prison for laundering $1.2 billion in illicit assets through the platform.

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