DOJ Will Not Charge Dragonfly In Tornado Cash Case, Managing Partner Says
Main Idea
The U.S. Department of Justice (DOJ) will not bring criminal charges against crypto venture firm Dragonfly in relation to the Tornado Cash case, according to managing partner Haseeb Qureshi.
Key Points
1. The DOJ has reportedly decided not to charge Dragonfly, as stated by Haseeb Qureshi, the firm's managing partner.
2. Qureshi criticized the DOJ's initial statements as 'unprecedented' and a 'clear violation of DOJ policy,' but noted they have since backtracked.
3. The focus remains on the ongoing trial of Roman Storm, a key figure in the Tornado Cash case, which is nearing its conclusion.
4. If convicted, Storm faces up to 45 years in federal prison for his alleged involvement with Tornado Cash, including transactions linked to North Korea's Lazarus Group.
Description
The U.S. Department of Justice (DOJ) will allegedly not bring charges against Dragonfly amid Tornado Cash founder Roman Storm’s federal trial this month in Manhattan, the crypto investment firm’s managing partner, Haseeb Qureshi, said this week. DOJ Walks Back Dragonfly Indictment as Roman Storm Trial Nears Conclusion According to a July 28 report from the crypto executive , the DOJ will not indict Dragonfly on criminal charges stemming from its connections to the troubled crypto mixer Tornado C...
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