The developer of Tornado Cash has been released from his pre-trial detention. Aleksey Pertsev has negotiated a release on the condition of electronic monitoring.

Pertsev announced the upcoming release from detention on X, restarting the discussion of the repercussions of creating code. The court rejected Pertsev’s previous appeal on July 12, leaving him detained and fighting for his freedom. A Dutch court suspended his pretrial detention, and he will appeal his money laundering conviction. He will soon be released from prison.

“A Dutch court suspended my pretrial detention under the condition of electronic monitoring. This will give me a chance to work on my appeal and fight for justice,” he said.

Tornado Cash Alex Pertsev Trial In Court.

Alex argued during his trial that he wasn’t liable for the actions of those who used the Tornado Cash protocol for illegal activities. The court rejected this, saying that he and the other Tornado Cash co-founders should have taken more stringent measures to prevent criminal use.

A Dutch court found Pertsev, a Russian national residing in the Netherlands, guilty of money laundering on May 14. The court sentenced him to five years and four months in prison.

Lawyers acting for him immediately filed an appeal, and he has been in pre-trial detention ever since. In July, they denied him bail again after previously rejecting him twice.

Moreover, the US charged Roman Storm and fellow co-founder Roman Semenov in August 2023, accusing them of helping launder over $1 billion in crypto through Tornado Cash. Semenov is still at large and on the FBI’s most wanted list.

Storm is free on a $2 million bond and expected to face trial in April. The US Treasury’s Office of Foreign Assets Control sanctioned Tornado Cash in August 2022, which led to the arrest of the two founders.A US court overturned the sanctions on Jan. 21.

TORN Token Starts A Price Recovery.

The Tornado Cash (TORN) token went vertical, trading near a 24-hour peak of $11.52. It recently peaked above $25 in January, and has previously held vertical rallies anticipating good news for Pertsev and the activity of the token mixer.

TORN rallied to a peak of over $34 after a US court overturned the ban on using the mixed on November 27, 2024. The token was seen as having a significant potential for recovery, with previous prices at $120 during peak times. Freeing Pertsev and removing the claims of money laundering from the mixer may further raise the token’s price.