Dragonfly Capital Vows Strong Defense Against DOJ's Tornado Cash Investigation

The US Department of Justice (DOJ) has initiated an inquiry into Dragonfly Capital's investment in Tornado Cash, a decentralized cryptocurrency mixer. In response, Dragonfly Capital has declared its intention to vigorously defend against the allegations, emphasizing their commitment to legal compliance and transparency.

Tornado Cash has been under the spotlight due to concerns over its use in laundering illicit funds, which led to the DOJ’s investigation into affiliated investors. Dragonfly Capital's proactive stance highlights the tensions between innovative crypto projects and regulatory frameworks.

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