Dragonfly Capital Dodges DOJ Threat in Tornado Cash Trial

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.