Federal government deliberates potential measures against Dragonfly for Tornado Cash involvement
In the world of cryptocurrency, speculation and rumours often swirl, but concrete facts can be hard to come by. One such topic that has been generating buzz is the potential involvement of Dragonfly, a significant crypto investment firm, in the Tornado Cash incident.
Tornado Cash and Its Consequences
Tornado Cash is a decentralised privacy service on Ethereum, which was sanctioned by the US authorities in 2022. Two developers of Tornado Cash (Roman Storm, Alexey Pertsev) were charged and either arrested or brought before court. However, no official accusations or statements have been made against Dragonfly since then by US authorities or other institutions.
Public Statements
Dragonfly itself has not given any direct statements regarding a possible accusation or investigation in relation to Tornado Cash in official press releases, blog posts, or through social media. Similarly, the US Treasury, the Department of Justice (DOJ), or other state authorities have not published any public statements about Dragonfly and Tornado Cash.
Possible Reasons for the Silence
- Dragonfly may not be directly involved: To date, there are no indications that Dragonfly is involved in the activities of Tornado Cash that have been criticised by the authorities.
- Secrecy in ongoing investigations: Even if investigations are ongoing, US authorities typically do not comment publicly on such matters.
- Distinction between Tornado Cash developers and investors: The clear public focus of the US authorities has been on the developers, not on investors or venture capital firms.
Recommendations for Information Search
- Current News: The situation may change. Keep an eye out for press releases from Dragonfly, the DOJ, FinCEN, or the U.S. Treasury.
- Official Sources: Use the websites and social media channels of the mentioned institutions for up-to-date information.
- Specialised Media: Specialised crypto and finance media report on such developments in real-time.
In a Nutshell
As of September 2025, there are no official statements from persons or institutions regarding potential accusations against Dragonfly in relation to Tornado Cash. If anything changes, this would likely be announced by the mentioned authorities or the press.
Important Note: Information about ongoing investigations is often confidential and is only made public when indictments are filed or press releases are issued.
Other Developments
In other news, Vietnam has embarked on a five-year crypto trading pilot program. Binance has launched a BSC trading event announcement and listed a Trump-affiliated WLFI token with trading restrictions. The U.S. Department of Justice is reportedly considering charging Dragonfly employees in the Tornado Cash incident, and insights from the Coincu research team suggest that potential financial impacts may be overstated without concrete allegations. Regulatory bodies have not issued statements regarding the potential charges against Dragonfly employees. Mayowa Adebajo, a seasoned freelance writer, specializes in creating compelling, high-converting content. SPAC FutureCrest aims for a $250M IPO, led by Tom Lee. Ethereum (ETH) currently trades at $3,863.90 with a market cap of $466.41 billion. StablecoinX has raised $530 million ahead of its Nasdaq listing, and CleanCore has decided to hold a $175 million Dogecoin treasury. The crypto community is cautious and eagerly awaits more credible details.
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