DOJ Scrutinizes Dragonfly’s Role in Tornado Cash Co-Founder’s Trial Amid KYC Controversy

BTCC / BTCC Square / Global Cryptocurrency /

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2025-07-25 22:58:01

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Roman Storm’s defense team sought testimony from Dragonfly General Partner Tom Schmidt regarding internal discussions about Tornado Cash’s Know Your Customer (KYC) compliance measures. Schmidt invoked the Fifth Amendment, leaving unresolved whether he’ll testify if granted immunity—a MOVE the defense reportedly supports.

The 2020 email correspondence between Storm and his team, which touched on KYC integration, could prove pivotal in demonstrating pre-sanction regulatory considerations. Prosecutors allege Tornado Cash facilitated billions in illicit transactions, including those linked to North Korea’s Lazarus Group, while Storm faces charges of money laundering conspiracy and operating an unlicensed money transmitter.

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