Dragonfly Responds to DOJ Scrutiny over Tornado Cash Investment, Vows to ‘Vigorously Defend’ Itself

Dragonfly Capital Faces Potential Charges Over Tornado Cash Ties, Vows to Fight Back

Dragonfly Capital may soon find itself in the crosshairs of U.S. prosecutors over its 2020 investment in Tornado Cash developer PepperSec, Inc., the firm behind the now-sanctioned crypto privacy protocol. Key Takeaways: Dragonfly Capital may face legal scrutiny over its 2020 investment in Tornado Cash developer PepperSec. Managing partner Haseeb Qureshi defended the move, citing legal assurances. Tornado Cash continues to process high volumes.…

DOJ Weighs Charges Against Dragonfly Capital Partner Over Tornado Cash Investment

DOJ is weighing criminal charges against Dragonfly Capital's Tom Schmidt linked to a 2020 Tornado Cash investment. Roman Storm’s defense was impacted after Schmidt declined to testify, citing potential self-incrimination. Dragonfly Capital confirmed cooperation with investigators and denied control over Tornado Cash operations. Federal prosecutors are considering criminal charges against a general partner at Dragonfly Capital for a 2020 investme…

Dragonfly Faces DOJ Pressure Over Tornado Cash Investment

Dragonfly Capital could be in serious trouble. A federal prosecutor told a New York court that the Department of Justice is weighing criminal charges against one of the firm’s general partners in connection with their investment in Tornado Cash. It’s a surprising twist in the trial of Tornado Cash developer Roman Storm and raises a bigger question: can investors be held legally responsible for what their portfolio projects do? Legal Spotlight Sh…

Dragonfly’s 5-Year-Old Crypto Move Faces DOJ Scrutiny Now

Dragonfly may face legal risks over its 2020 backing of Tornado Cash’s developer, PepperSec. Tornado Cash, a crypto mixer, is accused of enabling illegal fund transfers and sanctions evasion. Dragonfly defends its investment, claiming it was lawful and based on legal advice at the time. Dragonfly Capital is likely to get into legal issues in the near future due to its 2020 investment in Tornado Cash developer PepperSec, Inc. The venture firm is …

The US Department of Justice Examines Financial Ties to Torn

DOJ evaluates Dragonfly's involvement in Tornado Cash investment. Legal scrutiny focuses on corporate relationships in the crypto domain. Continue Reading:The US Department of Justice Examines Financial Ties to Tornado Cash The post The US Department of Justice Examines Financial Ties to Tornado Cas...

The US Department of Justice Examines Financial Ties to Tornado Cash

DOJ evaluates Dragonfly's involvement in Tornado Cash investment. Legal scrutiny focuses on corporate relationships in the crypto domain. Continue Reading: The US Department of Justice Examines Financial Ties to Tornado Cash The post The US Department of Justice Examines Financial Ties to Tornado Ca...