According to Haseeb Qureshi, co-founder and managing partner of Dragonfly, the US Department of Justice has not looked into executives surrounding venture past investments.
DOJ reportedly revealed in Monday’s trial that it had not targeted Dragonfly in an investigation, Qureshi said in X’s Tuesday post.
“They said in court records Monday morning they reported that the media was planning to raise accusations against Dragonfly.
Qureshi also shared a trial transcript that stated that the prosecutor “inaccurate and misleading public reports of the government’s position regarding certain positions regarding Dragonfly and its executives.”
Related: Dragonfly responds to DOJ’s scrutiny over Tornado Cash Investment.
DOJ hints at Dragonfly Probe in Tornado Cash Case
On Friday, DOJ’s prosecutors were tornado cash developer Peppersec, Inc. For the 2020 investment in the agency suggested that it could pursue accusations against Dragonfly.
In a subsequent post on X, Qureshi calls the proposal “unprecedented” and a violation of the DOJ policy, claiming that speculation about third-party prosecutions in the public part is intended to prevent the Dragonfly from testimony in the defense.
Qureshi also defended Dragonfly’s early support for Tornado Cash. “We made this investment because we believe in the importance of technology that provides open source privacy,” he added that Dragonfly wanted an outside lawyer before investing, and that Tornado Cash was guaranteed to be compliant.
In 2022, the US Treasury Department’s Office of Foreign Assets (OFAC) controlled tornado cash promoted billions of dollars of money laundering, supported cybercrime and posed a threat to national security.
These sanctions were overturned earlier this year after tornado cash users filed a civil lawsuit against OFAC.
Cointelegraph was unable to contact the DOJ for confirmation.
https://www.youtube.com/watch?v=realmh3vwwg
Related: DOJ recovers $40,000 code from Trump Vance’s first fraud, credit tether
Tornado cash developers have been charged
Tornado cash developers Roman Storm and Roman Semenov were charged in August 2023 with money laundering and sanctions violations. Storm’s trial began on July 14th in New York.
On Saturday, Storm urged an additional $1.5 million to cover rising legal costs as his high-profile crypto trial enters its third week. Storm, which already raises more than $3.9 million from the Crypto community, said costs are rising rapidly.
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