A Dutch judge will rule on Tuesday (May 14) in the case of Tornado Cash developer Alexey Pertsev. The 31-year-old Pertsev is accused of participating in the laundering of $1.2 billion through the crypto mixer Tornado Cash.
If Pertsev is found guilty, experts expect it to have a "chilling effect" on the global open source community. Developers may be afraid to write code for fear of misuse, and investment may also decrease.
If Pertsev is acquitted, the judge will accept his explanation that the core technology of Tornado Cash (smart contracts) is legally operated independently of human intervention. More importantly, the managers of such platforms are not responsible for those who use the technology. The ruling of this case will change the direction of the development of crypto privacy. (DL News)