50 People Participated In The Protest Against The Arrest Of Tornado Cash Developer

Privacy and crypto advocates are protesting the arrest of Tornado Cash developer Alexey Pertsev. The protest took place in Amsterdam on August 20.

A group of about 50 crypto and privacy advocates are protesting the arrest of Tornado Cash developer Alexey Pertsev in Dam Square, Amsterdam. Pertsev’s wife helped organize the demonstration and is taking part in it.

On August 12, Pertsev was arrested by Dutch authorities in the Netherlands, two days after the US government sanctioned Tornado Cash — claiming it was used to launder stolen funds for North Korean actors. Dutch authorities claimed the people behind Tornado Cash made large-scale profits from these transactions.

Those protesting argue that Pertsev should not be held responsible for writing open-source code, regardless of how it’s used by bad actors.

As updated in an earlier Coincu News article, decentralized finance (DeFi) aggregator 1inch has organized a rally in Amsterdam August 20, to show support for Pertsev and to stand for developers’ rights to create open-source software.

Almost 1,500 people have signed a petition protesting Pertsev’s arrest and calling for developers to maintain the right to write open-source code.

“The accusations against Alex threaten to kill the entire open-source software segment. No one will dare to write and publish open-source code, no one will invest in the segment if they could be made responsible for the use of the tool they created by other parties,” 

The event page for the protest

Oxorio co-founder Petr Korolev said that Pertsev has not been officially charged, but has been interrogated about his role in developing the protocol.

A Telegram group set up to coordinate the protest includes Yearn Finance core developer Banteg and Aave founder Stani Kulechov. Comments in the group suggest there might be a second protest in London in the next few weeks.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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50 People Participated In The Protest Against The Arrest Of Tornado Cash Developer

Privacy and crypto advocates are protesting the arrest of Tornado Cash developer Alexey Pertsev. The protest took place in Amsterdam on August 20.

A group of about 50 crypto and privacy advocates are protesting the arrest of Tornado Cash developer Alexey Pertsev in Dam Square, Amsterdam. Pertsev’s wife helped organize the demonstration and is taking part in it.

On August 12, Pertsev was arrested by Dutch authorities in the Netherlands, two days after the US government sanctioned Tornado Cash — claiming it was used to launder stolen funds for North Korean actors. Dutch authorities claimed the people behind Tornado Cash made large-scale profits from these transactions.

Those protesting argue that Pertsev should not be held responsible for writing open-source code, regardless of how it’s used by bad actors.

As updated in an earlier Coincu News article, decentralized finance (DeFi) aggregator 1inch has organized a rally in Amsterdam August 20, to show support for Pertsev and to stand for developers’ rights to create open-source software.

Almost 1,500 people have signed a petition protesting Pertsev’s arrest and calling for developers to maintain the right to write open-source code.

“The accusations against Alex threaten to kill the entire open-source software segment. No one will dare to write and publish open-source code, no one will invest in the segment if they could be made responsible for the use of the tool they created by other parties,” 

The event page for the protest

Oxorio co-founder Petr Korolev said that Pertsev has not been officially charged, but has been interrogated about his role in developing the protocol.

A Telegram group set up to coordinate the protest includes Yearn Finance core developer Banteg and Aave founder Stani Kulechov. Comments in the group suggest there might be a second protest in London in the next few weeks.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

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