DOJ Indicates Dragonfly Ventures May Not Be Targeted in Tornado Cash Investigation

Key Points

1. The DOJ publicly stated during a trial that Dragonfly Ventures is not under investigation in relation to Tornado Cash.

2. Dragonfly Ventures had invested in Tornado Cash developer PepperSec, Inc. in 2020, but the DOJ confirmed their compliance with regulations.

3. Haseeb Qureshi, Dragonfly’s co-founder, clarified that the DOJ’s position had been misrepresented publicly, and the recent statement aims to correct misinformation.

4. The trial involving Tornado Cash, focusing on money laundering and sanctions violations, began in July 2025, with ongoing scrutiny of privacy-focused crypto technologies.