Dragonfly Capital is likely to get into legal issues in the near future due to its 2020 investment in Tornado Cash developer PepperSec, Inc. The venture firm is accused of backing a project that then formed the subject of sanctions and criminal breaches against the U.S. Corporate prosecutors have indicated possible charges but have yet […]
Tornado Cash Charges
Tornado Cash Co-Founder Hit with DOJ Charges in Crypto Crackdown
The U.S. Department of Justice has formally announced it will proceed with serious criminal charges against Roman Storm, co-founder of the Ethereum-based cryptocurrency mixer Tornado Cash. The charges include conspiracy to commit money laundering, sanctions evasion, and transmitting criminal proceeds. This decision, confirmed through official filings, marks a pivotal moment in the federal government’s evolving […]