Dragonfly Partner Responds to Potential US Department of Justice Charges: Fully Intends to Defend Itself

BlockBeats News, July 26th, Dragonfly partner Haseeb responded to the news that "The U.S. Department of Justice is considering charging DragonFly employees in the Tornado Cash case," stating, "Dragonfly invested in Tornado Cash's developer PepperSec, Inc in August 2020 because they believed in the importance of open-source privacy protection technology. Prior to the investment, Dragonfly obtained external legal advice confirming that Tornado Cash's development was compliant with the law and aligned with the guidelines issued by FinCEN, a U.S. Treasury Department agency, in 2019. The U.S. government has publicly stated in court that they are considering charges against Dragonfly. Based on legal advice, we have decided not to comment publicly at this time, but have chosen not to remain silent."

"We firmly believe that Americans have the right to privacy, and the lack of privacy remains one of the biggest unsolved problems in the cryptocurrency field. Therefore, we stand by our investment position. It is outrageous that, after many years, charges are being brought against Dragonfly, which goes against the facts and the law, and will have a chilling effect on all U.S. investments in cryptocurrency and privacy protection technology. Dragonfly intends to vigorously defend itself."