Memecoins
Tornado Cash’s Alexey Pertsev sentenced to 64 months in prison; Meme coin rally | video
Tornado Cash developer Alexei Perts sentenced to 64 months in prison and a mediocre coin rally on Gamestop Euphoria. You’re watching Coin Desk every day and your host Jen Sani. Lexei Perts, developer of Tornado Cash, was found guilty of money laundering by a Dutchman. The judges were sentenced to 64 months in prison. The developer was first jailed in the Netherlands in August 2022 after Tornado Cash was blacklisted by the US government. Other developers of the cryptocurrency mixer, Roman Storm and Roman Semenov, also face charges of money laundering and sanctions violations in the United States. Storm will stand trial. This September while Semenov has yet to be arrested. Major meme coins surged higher after a viral post by Keith Gill sent Gamestop shares skyrocketing. Gill posted from his iconic The Roaring Kitty X account for the first time in three years, sending GME shares soaring to nearly double in value. The Gamestop rally quickly spread to the token markets with Pepe Floy and Cat, pop cat and mog themed tokens jumping more than 10% in the last 24 hours. At 10:00am Eastern Time. GME is trading just below $56 and Coinbase is back online after dealing with a major outage During the outage website, visitors received a 503 service temporarily unavailable message before resolving the issue. The exchange said it was investigating the issue and was working on a fix on X. They added quote, your funds are safe and quote. According to the status page upon registration, some users may still encounter errors when sending cryptocurrencies or withdrawing fiat currencies. That’s it for the daily coin counter. Get more updates on coindesk.com and see you next time.