The trial involving Dragonfly and Tornado Cash founders disclosed a $900,000 investment by Dragonfly in August 2020, granting them the option to purchase network tokens and resulting in a 5% stake in TORN by December. Dragonfly later sold part of its holdings in August 2022 for over $4 million. The government clarified that neither Dragonfly nor its executives are under investigation, countering misleading reports. The trial continues with witness testimonies and a charge conference to determine jury instructions.
Dragonfly's $900K Investment in Tornado Cash Revealed in Trial
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