U.S. Court Reveals Investment Details of Dragonfly and Tornado Cash, Related Issues Resolved Yesterday

BlockBeats News, July 29th, According to crypto reporter Eleanor Terrett, the latest news on the Tornado Cash case reveals that Dragonfly has reached a settlement regarding its relationship with the founder of Tornado Cash. Court documents disclosed several key facts:

Dragonfly invested $900,000 in Tornado Cash in August 2020;

In return, they received token purchase rights and ultimately obtained 5% of the supply of TORN tokens issued in December 2020;

Dragonfly sold part of its holdings in August 2022, receiving over $4 million in cryptocurrency.

Earlier today, BlockBeats reported that in response to the news regarding the "US Department of Justice considering charges against Dragonfly employees in the Tornado Cash case," Dragonfly partner Haseeb stated: "Monday's court records show that the US Department of Justice has clarified that media reports about their plans to sue Dragonfly are inaccurate, and neither Dragonfly nor any of its key personnel are subjects of their investigation. Dragonfly, as an investor, may face prosecution simply for supporting an open-source privacy technology, which is not only unprecedented but also clearly violates the Department of Justice's policy."