Know Your Customer | Breaking Cybersecurity News | The Hacker News

A Dutch court on Tuesday sentenced one of the co-founders of the now-sanctioned Tornado Cash cryptocurrency mixer service to 5 years and 4 months in prison. While the name of the defendant was  redacted in the verdict , it's known that Alexey Pertsev, a 31-year-old Russian national, had been  awaiting trial  in the Netherlands on money laundering charges. Pertsev, one of the developers of Tornado Cash, was  arrested  in Amsterdam in August 2022 days after the U.S. Treasury Department  sanctioned  the service for allowing malicious actors such as the Lazarus Group to launder and cash out their proceeds. In addition to the imprisonment, the defendant is expected to forfeit cryptocurrency assets worth €1.9 million (~$2.05 million) and a Porsche car that had been previously seized. "The defendant declared that it was never his intention to break the law or to facilitate criminal activities," a su...