**Crypto Developer Denied Bail Amid Money Laundering Charges**

Alexey Pertsev, the developer behind the controversial crypto mixer Tornado Cash, has been denied bail for the third time. Pertsev faces charges of laundering $1.2 billion through the platform. His lawyer, Keith Cheng, expressed surprise at the court's decision, which also denied Pertsev access to a computer to prepare his defense.

The court maintained that Pertsev's detention wouldn't hinder his defense preparation. Pertsev's legal team argues that holding a developer criminally liable for third-party misuse is unprecedented. Pertsev was sentenced to over five years in prison, with his legal team planning to appeal.