Dragonfly Capital Dodges DOJ Threat in Tornado Cash Trial
Main Idea
Dragonfly Capital avoided legal threats from the US Department of Justice (DOJ) regarding its past support of Tornado Cash, as prosecutors confirmed the firm is not part of the current investigation.
Key Points
1. Dragonfly Capital co-founder Haseeb Qureshi stated that the DOJ confirmed in court that neither Dragonfly nor its team members are part of the Tornado Cash investigation.
2. A federal prosecutor initially hinted at charges against Dragonfly Capital’s Tom Schmidt on July 25 but later walked back the statement.
3. Dragonfly Capital had invested in Tornado Cash’s development team in August 2020 after consulting external legal experts.
4. Roman Storm’s legal team planned to call Tom Schmidt as a witness regarding Dragonfly’s investment, but prosecutors did not pursue his testimony.
5. On July 26, Storm requested additional donations to cover his legal expenses.
Description
Haseeb Qureshi , co-founder of Dragonfly Capital , stated that the firm is no longer under possible legal threat from the US Department of Justice (DOJ) over its past support of Tornado Cash .
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