DOJ Considers Charges Against Dragonfly Over Tornado Cash Investment

DOJ Considers Charges Against Dragonfly Over Tornado Cash Investment

U.S. federal prosecutors are considering charges against executives of crypto venture firm Dragonfly for their 2020 investment in crypto mixer Tornado Cash. The Department of Justice (DOJ) raised the possibility during the ongoing criminal trial of Tornado Cash cofounder Roman Storm, citing internal emails between Storm and Dragonfly partners Tom Schmidt and Haseeb Qureshi. Those emails included one where Storm and other Tornado Cash developers …

Tornado Cash Developer Roman Storm Declines to Testify in $1B Money Laundering Trial

Roman Storm, co-founder of Tornado Cash, has chosen not to testify in his high-profile money laundering trial in Manhattan. Storm faces allegations that the privacy-focused crypto mixer enabled hackers and cybercriminals to launder over $1 billion in illicit funds. Prosecutors cite major incidents, including the $600 million Ronin Bridge hack and the Harmony Horizon Bridge exploit, where North Korean hackers allegedly funneled stolen assets thro…

DOJ Backs Off Dragonfly Probe in Tornado Cash Case

DOJ reverses course, confirms Dragonfly Capital is not a target in Tornado Cash probe. Roman Storm’s trial continues, with privacy rights and open-source liability hanging in balance. Legal pressure on crypto VCs could reshape the future funding of privacy and blockchain tools. The U.S. Department of Justice has backed off potential charges against Dragonfly, a venture firm tied to Tornado Cash. This shift came after Friday’s court statements st…

‘We’ve not identified Dragonfly as a target’ – DoJ reverses course

DoJ has backed down from its alleged threat of charges against crypto VC Dragonfly for early financial support for Tornado Cash.

Is the DOJ Going After Storm's Witnesses?

The post Is the DOJ Going After Storm’s Witnesses? appeared on BitcoinEthereumNews.com. Tornado Cash founder Roman Storm’s legal team is on the back foot as another key witness decided to plead the Fifth. Court reporters claimed that the jury appeared “overwhelmed” at the remaining jargon-heavy testimony. As the trial continues, it seems like the DOJ’s biggest victories have come from disrupting Storm’s roster of witnesses. Trump appointees expl…