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Dragonfly partners respond to potential U.S. Department of Justice allegations: they intend to defend themselves with all their strength

Internet reports that Dragonfly partner Haseeb responded that "the U.S. Department of Justice is considering filing charges against DragonFly employees in the Tornado Cash case.""Dragonfly invested in Tornado Cash developer PepperSec, Inc in August 2020. The reason for this investment is because he firmly believes in the importance of open source privacy protection technology. Prior to the investment, Dragonfly had obtained external legal advice confirming that Tornado Cash was constructed in compliance with legal requirements and in compliance with guidelines issued in 2019 by FinCEN, a subsidiary of the U.S. Treasury Department. The U.S. government has now stated in open court that it is considering filing charges against Dragonfly. Based on the advice of our lawyers, we have not commented publicly for the time being, but decided not to remain silent." "We firmly believe that Americans have a right to privacy, and the lack of privacy remains one of the biggest unanswered questions in the cryptocurrency space. Therefore, we adhere to our investment stance. Allegations against Dragonfly after years are outrageous, violate facts and the law, and will have a chilling effect on all U.S. investment in encryption and privacy protection technology. Dragonfly has planned to defend itself with all its strength."

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