Dragonfly Partner Responds to Potential DOJ Charges: Prepared to Fully Defend Ourselves

According to Jinse Finance, Dragonfly partner Haseeb responded to reports that "the U.S. Department of Justice is considering bringing charges against Dragonfly employees in connection with the Tornado Cash case," stating, "In August 2020, Dragonfly invested in PepperSec, Inc., the developer of Tornado Cash, because we firmly believe in the importance of open-source privacy protection technology. Prior to the investment, Dragonfly obtained external legal opinions confirming that the construction of Tornado Cash complied with legal requirements and adhered to the guidelines issued by FinCEN, a division of the U.S. Treasury Department, in 2019. The U.S. government has now publicly stated in court that they are considering charges against Dragonfly. On the advice of our lawyers, we have so far refrained from making public comments, but we have decided not to remain silent any longer." "We firmly believe that Americans have a right to privacy, and the lack of privacy remains one of the biggest unresolved issues in the cryptocurrency space. Therefore, we stand by our investment decision. It is outrageous and contrary to both facts and the law to bring charges against Dragonfly after so many years, and it will have a chilling effect on all investment in crypto and privacy protection technologies in the United States. Dragonfly intends to vigorously defend itself."