U.S. Prosecutors Weigh Charges Against Dragonfly Capital Over Tornado Cash Investment

  • U.S. prosecutors are reportedly considering criminal charges against employees of crypto venture firm Dragonfly Capital, including general partner Tom Schmidt, for the companys 2020 investment in Tornado Cash. The privacy-focused protocol is at the center of a high-profile trial against developer Roman Storm, who faces conspiracy charges tied to money laundering, operating an unlicensed money-transmitting business, and violating international sanctions.