Dragonfly partners respond to potential charges from the U.S. Department of Justice: They plan to fully defend themselves

ChainCatcher news, according to market news, Dragonfly partner Haseeb responded to "the U.S. Department of Justice considering charges against DragonFly employees regarding the Tornado Cash case," stating, "Dragonfly invested in the developer of Tornado Cash, PepperSec, Inc., in August 2020 because we firmly believe in the importance of open-source privacy protection technology. Before the investment, Dragonfly obtained external legal advice confirming that the construction of Tornado Cash complies with legal regulations and adheres to the guidelines issued by FinCEN, a subsidiary of the U.S. Treasury, in 2019. The U.S. government has currently stated in open court that they are considering charges against Dragonfly. Based on legal advice, we have temporarily refrained from making public comments but have decided not to remain silent any longer."

"We firmly believe that Americans have a right to privacy, and the lack of privacy remains one of the biggest unresolved issues in the cryptocurrency space. Therefore, we stand by our investment position. It is outrageous to bring charges against Dragonfly after so many years, as it contradicts facts and law, and will have a chilling effect on all investments in cryptocurrency and privacy protection technology in the U.S. Dragonfly intends to fully defend itself."