Tornado Cash Developer Alexey Pertsev's Detention Extended

According to PANews, Tornado Cash developer Alexey Pertsev will remain in custody pending trial. In a post on November 21, Pertsev expressed disappointment over the court's decision to extend his detention, stating that it hinders his ability to prepare for an appeal. On November 14, several Democratic members of the U.S. House of Representatives requested Treasury officials to address concerns regarding the handling of the cryptocurrency mixing service Tornado Cash. The service was sanctioned in 2022 but remains active. Lawmakers highlighted that the use of mixers has 'recovered' this year, with Tornado Cash receiving $1.8 billion in deposits in the first half of 2024, marking a 45% increase compared to the entire year of 2023.