May 14, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Tornado Cash developer Alexey Pertsev was sentenced to 64 months in prison after being found guilty of money laundering by a Dutch judge.

Video transcript

Tornado cash developer, Alexei Perts sentenced to 64 months in prison and a mean coins rally on gamestop Euphoria. You're watching Coin desk daily and your host Jen Sani. Tornado cash developer Lexei Perts has been found guilty of money laundering by a Dutch. Judges was 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 crypto mixer, Roman Storm and Roman Semenov also face allegations of money laundering and sanctions violations in the United States Storm is set for trial. This September while Semenov has yet to be arrested. Top meme coins climbed higher after a viral post by Keith Gill sent the Gamestop stock skywards. Gill posted from his iconic the roaring kitty X account for the first time in three years sending GME shares flying to nearly double value. Gamestop's rally quickly spread to token markets with Pepe Floy and Cat themed tokens, pop cat and mog all jumping more than 10% in the past 24 hours. As of 10 a.m. Eastern time. GME is trading just below $56 and Coinbase is back online after battling a major outage during the outage website, visitors received a 503 service temporarily unavailable message before resolving the issue. The exchange said that it was investigating the issue and working on a solution on X. They added quote, your funds are safe and quote. According to the status page at time of recording, some users might still experience failures when sending crypto or withdrawing fiat. That's it for coin desk daily. Get more updates on and we'll see you next time.

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