DOJ confirms Dragonfly not under investigation in Tornado Cash case
Main Idea
The US Department of Justice (DOJ) clarified that Dragonfly is not under investigation in the Tornado Cash case, correcting earlier misleading statements, and the trial now focuses on Roman Storm's legal proceedings.
Key Points
1. The DOJ officially stated that Dragonfly is not under investigation, reversing earlier suggestions linking it to the Tornado Cash case.
2. Dragonfly's name surfaced after pushback from its general partner Haseeb Qureshi, leading to the DOJ's correction.
3. The trial now centers on Roman Storm, with expert witness Dr. Matthew Green explaining Tornado Cash's legitimate use cases.
4. The jury's decision in Storm's trial may set a precedent for how US courts treat open-source blockchain protocols.
5. The DOJ's retraction may influence the narrative around liability for how blockchain code is used.
Description
The US Department of Justice (DOJ) has officially clarified that Dragonfly Ventures is not under investigation for its 2020 investment in PepperSec, the company that developed Tornado Cash. The update came during the high-profile criminal trial of Roman Storm, co-founder of the cryptocurrency mixing protocol, and marks a pivotal moment in the case that has broader implications for blockchain privacy, open-source software, and legal uncertainty in the crypto space. Dragonfly’s name surfaced last ...
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