U.S. Department of Justice reviewing criminal charges against virtual asset VC Dragonfly
JH Kim
Summary
- The United States Department of Justice reported that it is continuing to review criminal charges against Dragonfly employees and executives.
- It was revealed that Dragonfly has a history of investing in Tornado Cash, which is at the center of anti-money laundering controversies.
- It was reported that additional information on Dragonfly's involvement may emerge during the trial of Tornado Cash's co-founder.
On the 25th (local time), Eleanor Terrett, host of Crypto in America, reported that the United States Department of Justice is still reviewing criminal charges against employees and executives of the virtual asset (cryptocurrency) venture capital (VC) firm Dragonfly.
This is because Dragonfly was one of the VCs that invested in the mixing service 'Tornado Cash (TORN)', which is embroiled in anti-money laundering controversies.
Meanwhile, the trial of Tornado Cash co-founder Roman Storm is scheduled to resume next week. With the closing arguments expected, additional information regarding Dragonfly's involvement may be disclosed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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