1inch Network Will Hold A Protest Against Tonado Cash Sanctions on Aug 20

Decentralized finance (DeFi) aggregator 1inch Network held a rally in Amsterdam on August 20 to show support for Pertsev and support the rights of developers to create open source software.

As was updated in a previous Coincu News article, the Netherlands Financial Information and Investigation Service (FIOD) arrested Pertsev on August 12 for allegedly using an Ethereum-based security tool to money laundering and concealment of criminal financial flows.

OFAC’s sanctions against the United States, are receiving a negative response from the crypto community. Although the moderators of Defi platforms consider the sanctions against Tornado Cash to be overly protective of users, they still have to comply with the law and ban wallet addresses associated with this coin mixer.

Cointelegrap interviewed the wife of Tornado Cash founder Alexey Pertsev. She said that she was very upset when the Dutch authorities treated her husband like a “dangerous criminal” following his arrest last week.

Malik said that she can “only guess how he is doing and how difficult it is for him right now,” as the Dutch authorities have completely barred her [or anyone] from any contact with him, not even “one short call”.

Despite Malik feeling helpless in this regard, she isn’t without support. 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.

1inch has been particularly vocal about the matter, having said that the arrest of Pertsev threatens to “create a dangerous precedent,” as it could “kill the entire open-source software segment” if developers are held responsible for any software they create that is misused by others.

In light of 1inch’s efforts and the broader crypto community, Malik said that she’s “very grateful to everyone who helps and supports my husband,” as it proves that “people really care.”

Malik also hopes that the rally not only draws attention to Pertsev’s injustice but also positively influences public opinion on the nature of open-source code.

“We want to achieve publicity so that as many people as possible know about the arrest and the reasons for its wrongness. This is a serious issue, as every open source developer and many other people can be affected by this accusation.”

She said

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# Cryptocurrencies

1INCH

Alexey Pertsev

crypto

Crypto Crime

open-source software

Tornado cash

Victor

19 August 2022, 03:10:46 GMT +0000

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