Tornado Cash Fallout Sparks Dragonfly’s Stark Warning: Is U.S. Crypto Facing Its Biggest Chill Yet?
He added that they were approached in 2023 to help investigate Tornado Cash and were assured that the firm was not under scrutiny.
The Ethereum[ETH]-based non-custodial crypto mixer is alleged to have facilitated money laundering for North Korean threat actors.
In the past, the DoJ has only gone after founders, developers, and users of alleged illicit crypto platforms. Think of the Binance founder CZ, FTX’s CEO Sam Bankman-Fried, and Tornado Cash developer Roman Storm.
If it goes forward with the Dragonfly charges, it would be the first time, the DoJ goes after early investors backing crypto protocols.
Post Comment