The US Department of Justice (DOJ) is apparently *not* looking into Dragonfly Ventures or its executives for the firm’s old fling with Tornado Cash. This thrilling revelation came courtesy of Haseeb Qureshi, Dragonfly’s co-founder and managing partner, who took to X on Tuesday to let us all know that Dragonfly isn’t on the DOJ’s “naughty list” after all. Who would have guessed? 🙄
In fact, according to Qureshi, the DOJ *actually* went ahead and did some public backpedaling during a Monday trial. “The DOJ has now backtracked,” Qureshi posted. He added, somewhat dramatically, “They’ve stated on the record that media reports suggesting charges against Dragonfly were… inaccurate.” So, in case you missed it—Dragonfly is totally off the hook. 🙃
Apparently, prosecutors even acknowledged the media’s part in spreading *misleading* information. Who could ever blame the media for stirring up a little drama? 🙃
DOJ hints at Dragonfly probe in Tornado Cash case
Fast forward to Friday, and things got a little spicy when DOJ prosecutors hinted they might go after Dragonfly for its 2020 investment in Tornado Cash’s developer, PepperSec. I know, the suspense is unbearable. But don’t worry, Qureshi wasn’t about to let this slide. He called the suggestion “unprecedented,” and apparently, it violated some DOJ rule about speculating on public prosecutions. Sounds like a fun game! 👀
In his defense, Qureshi clarified that Dragonfly didn’t just toss money at Tornado Cash on a whim. No, no. They were all about the “open-source privacy-preserving technology.” 🧐 How noble. Of course, Dragonfly consulted with legal experts before diving in, and those experts assured them that Tornado Cash was, indeed, compliant. Legal consultations—always the best part of any shady investment. 🙄
In case you need some extra drama, let’s talk about 2022. That’s when the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, claiming it was some sort of money-laundering, cybercrime-supporting, national security-threatening villain. But hold on—plot twist! Those sanctions got overturned this year after Tornado Cash users decided to take matters to court. What a journey, right? 📚
But don’t get too comfortable. The DOJ still isn’t giving up on its fight, though. We couldn’t get a hold of them for confirmation. Shocking, right? 🙄
Tornado Cash developers charged
Meanwhile, over in crypto land, two Tornado Cash developers—Roman Storm and Roman Semenov—were slapped with charges of money laundering and sanctions violations in August 2023. I guess they didn’t get the memo. Now, Storm’s trial has been going on for what seems like forever (well, just since July 14, but still). He’s already raised $3.9 million in legal fees, but it’s not enough. Storm’s calling for another $1.5 million, because, well, legal costs in the crypto world are just… endless. Go figure. 💸
Read More
- All Data Pad Locations (Week 1) Destiny 2
- Violence District Killer and Survivor Tier List
- Grow a Garden – Complete Cooking Event Guide
- Civ 7 DLC LEAKED! Is This Sid Meier’s Most Underrated Game?!
- Top 5 Unreal Engine 5 Games with Incredible Performance
- Prestige Perks in Space Marine 2: A Grind That Could Backfire
- Top 8 UFC 5 Perks Every Fighter Should Use
- Unveiling the Mysteries: One Piece’s Calm Belt Secrets Revealed!
- Gold Rate Forecast
- Umamusume Pretty Derby – Best Support Cards Tier List
2025-07-30 13:53