Prosecutors search to condemn Twister Money developer Alexey Pertsev to 64 months in jail, members of their group advised CoinDesk.
The implications of the trial might have wider implications on how builders of open-source tasks are handled.
Twister Money Developer Alexey Pertsev ought to be jailed for 64 months, prosecutors advised the choose in his trial within the Netherlands for cash laundering, members of the prosecuting group advised CoinDesk.
The 2-day trial, which might have implications on how builders are handled in courts elsewhere, was held within the ‘S-Hertogenbosch court docket on Tuesday and Wednesday.
The choose will ship the decision on Might 14, the court docket mentioned.
Pertsev has been accused of laundering $1.2 billion price of crypto by means of the anonymizing software Twister Money, the Dutch prosecutors detailed in an indictment that was shared forward of the trial. The indictment mentioned that between July 9, 2019 and Aug. 10, 2022 Pertsev made “a behavior of committing cash laundering.”
The developer was first jailed within the Netherlands in August 2022 shortly after the Twister Money platform was blacklisted by the U.S. Treasury. The Treasury Division alleged that Twister Money had been a key software for the Lazarus Group, a North Korean hacking group that was tied to the $625 million hack of Axie Infinity’s Ronin Community, amongst different points.
Twister Money builders Roman Storm and Roman Semenov additionally face allegations of cash laundering and sanctions violations within the U.S. Storm is about to go on trial this September. The U.S. has not but arrested Semenov.