DOJ Drops Bombshell: Why Dragonfly’s Risky Tornado Cash Bet Won’t Trigger Prosecution—What This Means for Crypto Investors Now
“They are never allowed to speculate on prosecuting a third party in open court in front of the media,” Qureshi stressed.
The investment firm had backed PepperSec, the developers behind Tornado Cash, in 2020. The case involves Tornado Cash co-founder Roman Storm, who faces charges of money laundering and sanctions violations.
“The prosecutors did this to prevent us from testifying for the defense,” Dragonfly explained. “But even the notion that an investor could be charged would have induced a chilling effect on investment into blockchain and privacy-preserving technologies.”
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