On July 29, according to crypto journalist Eleanor Terrett, the latest news in the Tornado Cash case revealed that Dragonfly and the Tornado Cash founders have reached a settlement regarding their relationship. Court documents disclosed several key facts:
Dragonfly invested $900,000 in Tornado Cash in August 2020;
In return, they obtained the right to purchase network tokens, ultimately receiving 5% of the TORN token supply issued in December 2020;
Dragonfly sold part of its stake in August 2022, obtaining over $4 million in cryptocurrency.
Earlier today, BlockBeats reported that regarding the news "the US Department of Justice is considering filing charges against Dragonfly employees in the Tornado Cash case," Dragonfly partner Haseeb stated: "Monday's court records show that the US Department of Justice has clarified that media reports about their plans to sue Dragonfly are inaccurate, and neither Dragonfly nor any of its key personnel are the subject of their investigation. For Dragonfly, as an investor, to potentially face prosecution simply for supporting an open-source privacy technology is unprecedented and clearly violates the Department of Justice's policies."
