Haseeb Qureshi, co-founder of Dragonfly Capital, said that the agency is not below doable authorized risk from the US Division of Justice (DOJ) over its previous help of Twister Money.
In a July 29 put up on X, Qureshi mentioned the DOJ had confirmed in court docket that media reviews suggesting the agency may face prices had been incorrect.
He famous that prosecutors confirmed on July 28 that neither Dragonfly nor its staff members are half of the present investigation.
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This replace got here after a federal prosecutor mentioned in court docket on July 25 that prices towards Dragonfly Capital’s Tom Schmidt and others had been being thought of.
Dragonfly Capital had invested in Twister Money’s growth staff in August 2020. Earlier than investing, Dragonfly employed exterior authorized specialists, who confirmed that Twister Money appeared to adjust to the legal guidelines in place at the moment.
Roman Storm’s authorized staff had deliberate to name Tom Schmidt to testify in regards to the funding and associated discussions inside Dragonfly.
Nevertheless, prosecutors declined to supply Schmidt authorized safety for his testimony. Because of this, he selected to not communicate in court docket by citing his Fifth Modification rights.
Throughout that very same court docket session, prosecutors made the primary public point out that Dragonfly workers may presumably face prices. Qureshi said that such public hypothesis isn’t allowed below DOJ pointers and was doubtless meant to discourage Schmidt from testifying.
On July 26, Storm requested one other donation to cowl his authorized bills. What did he say? Learn the complete story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.With near a decade of expertise within the FinTech trade, Aaron understands all the largest points and struggles that crypto lovers face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and trade newcomers.Aaron is the go-to individual for every little thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to remodel the house as we all know it, and make it extra approachable to finish inexperienced persons.Aaron has been quoted by a number of established retailers, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market tendencies, and on the lookout for the following supernova.
