Tornado Cash co-founder Alexey Pertsev has announced that he will be released from prison on February 7.

Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison. Today, 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…
— Alexey Pertsev (@alex_pertsev) February 6, 2025

“Dear friends! On Friday, February 7, at 10 AM, I will be free! It’s not true freedom, but it’s still better than prison. Today, the Dutch court has suspended my pretrial detention under electronic monitoring conditions. This will give me the opportunity to work on my appeal and fight for justice. Thank you to everyone who supported me and helped make this possible!” he wrote.

On May 14, 2024, a Dutch court found Pertsev guilty of laundering $1.2 billion through Tornado Cash and sentenced him to 64 months in prison. Since then, the developer has remained in custody. In July, he was denied bail while awaiting appeal, and in November, his pretrial detention was extended.

Charges of money laundering and sanctions violations in the U.S. have also been brought against Tornado Cash co-founders Roman Storm and Roman Semenov.

In January 2025, the U.S. Fifth Circuit Court of Appeals overturned the sanctions imposed by OFAC in 2022 against Tornado Cash, sending the case back for further review.