Crypto Shake-Up: DOJ Pulls Back from Targeting Dragonfly Over Tornado Cash Links

Description

The US Department of Justice (DOJ) has clarified that it will not pursue charges against Dragonfly Ventures over the firm’s early investment in Tornado Cash, a crypto-mixing protocol currently under legal scrutiny. This follows earlier reports suggesting that the venture capital firm could face legal action due to its financial backing of the project in 2020. Haseeb Qureshi, co-founder of Dragonfly Ventures, confirmed the DOJ’s updated stance in a statement shared on social media platform X on T...