Close Menu
Cryprovideos
    What's Hot

    Crypto Information Immediately: Ethereum Fusaka Fork Set for Mainnet Launch After Last Testnet

    October 29, 2025

    US Senators Open Investigation Into Trump’s Crypto Pardons

    October 29, 2025

    Sui Crypto Eyes $3 Goal as Token Unlock Sparks Brief-Time period Volatility – BlockNews

    October 29, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Twister Money Trial: DOJ Weighs Expenses In opposition to Extra Crypto VC Companies | Bitcoinist.com
    Twister Money Trial: DOJ Weighs Expenses In opposition to Extra Crypto VC Companies | Bitcoinist.com
    Crypto News

    Twister Money Trial: DOJ Weighs Expenses In opposition to Extra Crypto VC Companies | Bitcoinist.com

    By Crypto EditorJuly 27, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Twister Money Trial: DOJ Weighs Expenses In opposition to Extra Crypto VC Companies | Bitcoinist.com

    Trusted Editorial content material, reviewed by main business specialists and seasoned editors. Advert Disclosure

    Dragonfly Capital, a cryptocurrency enterprise capital agency (VC), could also be going through fees from the US Division of Justice (DOJ) associated to its early funding in Twister Money, co-founded by Roman Storm. 

    Fox journalist Eleanor Terret reported that federal authorities are considering fees in opposition to a number of people at Dragonfly, together with Common Companion Tom Schmidt. 

    Dragonfly Capital’s Position In Twister Money

    Throughout a current courtroom session, Assistant US Lawyer (AUSA) Rehn indicated that fees might prolong past Schmidt, resulting in a request to seal the transcript of his feedback. 

    The courtroom proceedings revealed e mail exchanges between Twister Money co-founder Roman Storm and Dragonfly companions, Haseeb Qureshi and Tom Schmidt, discussing the potential implementation of Know-Your-Buyer (KYC) protocols for the platform. 

    This element provides one other layer to the scrutiny surrounding Dragonfly’s involvement with Twister Money which has been scrutinized over the previous years for allegedly being utilized by unhealthy actors to launder “billions of {dollars}” in illicit funds, together with stolen crypto.

    In response to the continued investigation, Haseeb Qureshi took to social media platform X (previously Twitter), to defend Dragonfly’s place. He clarified that the agency invested in PepperSec, the builders of Twister Money, in August 2020, citing a perception within the significance of open-source privateness applied sciences. 

    Qureshi emphasised that previous to the funding, Dragonfly secured an exterior authorized opinion confirming that Twister Money was compliant with present legal guidelines, as outlined by the Monetary Crimes Enforcement Community (FinCEN) in 2019.

    Warns Of Harmful Precedent

    The US Division of Justice has reportedly said in open courtroom that they’re contemplating fees in opposition to Dragonfly primarily based on its funding within the Twister Money workforce. Qureshi expressed concern over this potential plan of action, arguing that it could set a harmful precedent. 

    He underscored that Dragonfly didn’t have operational management over Twister Money, maintained no contact with any malicious customers, and persistently inspired compliance with authorized requirements amongst its portfolio corporations.

    Furthermore, Qureshi identified that bringing fees in opposition to a enterprise capital agency for a portfolio firm’s alleged wrongdoing can be unprecedented and will have a chilling impact on investments within the cryptocurrency and privacy-preserving know-how sectors. 

    He emphasised that Dragonfly has absolutely cooperated with the Division of Justice’s investigation, stating that the agency has by no means been a goal of the inquiry and has all the time adhered to authorized pointers.

    In mild of the potential fees, Qureshi expressed confidence in Dragonfly’s authorized standing, asserting that any makes an attempt to prosecute the agency can be unfounded and opposite to the info. 

    He famous that the federal government’s statements in courtroom may very well be geared toward undermining Twister Money’s protection, making it tougher for Schmidt to testify.

    Tornado Cash
    The day by day chart exhibits TORN’s worth restoration. Supply: TORNUSDT on TradingView.com

    Featured picture from DALL-E, chart from TradingView.com 

    Twister Money Trial: DOJ Weighs Expenses In opposition to Extra Crypto VC Companies | Bitcoinist.com

    Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our workforce of prime know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Information Immediately: Ethereum Fusaka Fork Set for Mainnet Launch After Last Testnet

    October 29, 2025

    US Senators Open Investigation Into Trump’s Crypto Pardons

    October 29, 2025

    Sui Crypto Eyes $3 Goal as Token Unlock Sparks Brief-Time period Volatility – BlockNews

    October 29, 2025

    Crypto Alert: South Korea Warns Personal Stablecoins May Collapse

    October 29, 2025
    Latest Posts

    'Wealthy Dad Poor Dad' Creator: Bitcoin Worth to Double This Yr – U.Immediately

    October 29, 2025

    SoFi Plans Bitcoin And Crypto Buying and selling, Eyes File 12 months 

    October 29, 2025

    Bitcoin Holds Close to $114K Regardless of Uncertainty, Analysts Say Rally Might Cement $100K Assist Zone | Bitcoinist.com

    October 29, 2025

    PTS to Launch Japan-Origin Bitcoin Mining Funding Product through Republic Platform Beneath U.S. Regulation | UseTheBitcoin

    October 29, 2025

    Bitcoin Information: Normal Pre-FOMC Pullback and $120K Break Places $143K in Play, Analysts Say

    October 29, 2025

    Asia Morning Briefing: BTC Holds Floor as Merchants Sit on Stablecoins Earlier than Fed Resolution

    October 29, 2025

    DAT Agency Sequans Transfers $111M BTC to Coinbase — Sale or Custody Transfer? – BeInCrypto

    October 29, 2025

    Bitcoin Beats Gold: However Solely If You Maintain It in Your Personal Crypto Pockets

    October 29, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    US Cracks Down on North Korea’s Crypto-Fueled Cash Laundering Community

    December 19, 2024

    Elliptic Warns of Industrial-Scale Pig Butchering Scams Laundering Via Crypto

    September 27, 2025

    5 Prompts That Make Anthropic's Claude AI Higher Than a Crypto Analyst, Dealer or Physician – Decrypt

    June 15, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.