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The DOJ reportedly confirmed it is not targeting Dragonfly Ventures oregon its executives successful the Tornado Cash case, contempt earlier speculation and courtroom remarks.
The US Department of Justice is not investigating Dragonfly Ventures oregon its executives implicit the task firm’s past concern successful Tornado Cash, according to Haseeb Qureshi, Dragonfly’s co-founder and managing partner.
The DOJ reportedly revealed during a Monday proceedings that it is not targeting Dragonfly successful its investigation, Qureshi said successful a Tuesday station connected X. “The DOJ has present backtracked,” helium wrote, adding:
“They person stated connected the grounds successful the proceedings Monday greeting that the media reports that they were readying to bring charges against Dragonfly were inaccurate, and neither Dragonfly nor immoderate of its principals are targets successful their investigation.”
Qureshi besides shared transcripts of the trial, wherever prosecutors said determination “has been inaccurate and misleading nationalist reporting connected the government’s presumption concerning Dragonfly and definite of its executives.”
The transcript of the trial. Source: HaseebDOJ hints astatine Dragonfly probe successful Tornado Cash case
On Friday, DOJ prosecutors suggested the bureau might prosecute charges against Dragonfly for its 2020 concern successful Tornado Cash developer PepperSec, Inc.
In a consequent station connected X, Qureshi called the proposition “unprecedented” and a usurpation of DOJ policy, arguing that speculating connected third-party prosecution successful nationalist was meant to forestall Dragonfly from testifying for the defense.
Qureshi besides defended Dragonfly’s aboriginal backing of Tornado Cash. “We made this concern due to the fact that we judge successful the value of open-source privacy-preserving technology.” He added that Dragonfly had sought extracurricular ineligible counsel earlier investing and was assured that Tornado Cash was compliant.
In 2022, the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, alleging it facilitated multibillion-dollar wealth laundering, supported cybercrime and posed a menace to nationalist security.
Those sanctions were overturned earlier this twelvemonth aft Tornado Cash users filed a civilian enactment against OFAC.
Cointelegraph was incapable to interaction the DOJ for confirmation.
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Tornado Cash developers charged
Tornado Cash developers Roman Storm and Roman Semenov were indicted connected charges of wealth laundering and sanctions violations successful August 2023. Storm’s proceedings began connected July 14 successful New York.
On Saturday, Storm issued an urgent appeal for an further $1.5 cardinal to screen soaring ineligible fees arsenic his high-profile crypto proceedings enters its 3rd week. Storm, who has already raised implicit $3.9 cardinal from the crypto community, says the costs are mounting quickly.
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