Dragonfly Capital Under Threat of Legal Action Over Tornado Cash Investment, Firm Pledges Vigorous Defense

Dragonfly Capital faces possible legal scrutiny from U.S. authorities due to its 2020 investment in PepperSec, the creator of the Tornado Cash privacy protocol. While Tornado Cash is sanctioned for facilitating illicit crypto transactions, Dragonfly's managing partner defends the investment as lawful and emphasizes support for privacy technologies. The evolving legal battles surrounding Tornado Cash highlight ongoing tensions between privacy innovations and regulatory enforcement in the crypto space. Continue to read Dragonfly Capital Under Threat of Legal Action Over Tornado Cash Investment, Firm Pledges Vigorous Defense