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Dragonfly Capital’s early investment in Tornado Cash may lead to legal action from the DOJ. The venture firm insists it acted lawfully and is prepared to defend its position.
- Dragonfly Capital invested in Tornado Cash in August 2020, citing support for privacy-preserving tech.
- The DOJ may pursue legal action, alleging potential compliance issues with the investment.
- Dragonfly claims it sought legal advice before investing and stands by its decision.
📎 Related coverage from: cointelegraph.com