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Dragonfly Capital in Regulatory Crosshairs as Tornado Cash Probe Escalates
Dragonfly Capital in Regulatory Crosshairs as Tornado Cash Probe Escalates
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Crypto's favorite privacy tool just landed a VC giant in hot water.
Dragonfly Capital—the $3B crypto investment firm—now faces potential DOJ charges for its ties to Tornado Cash, the sanctioned Ethereum mixer. Sources confirm prosecutors are weighing conspiracy or money transmission violations.
The irony? A firm that bet big on 'compliant DeFi' might've tripped on its own regulatory rhetoric. Meanwhile in TradFi land, bankers are placing bets on which crypto VC gets indicted next—because nothing says 'risk management' like schadenfreude.
This ain't your grandma's money laundering case. With Tornado's founders already facing decades in prison, Dragonfly's legal team is likely scrambling to prove they weren't mixing the Kool-Aid.
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