
Eleanor Terrett|Jul 29, 2025 12:17
🚨NEW: Re the @dragonfly_xyz issue in the @rstormsf trial seems to have been wrapped up yesterday after a stipulation signed by both parties and Acting U.S. Attorney Jay Clayton was read into the record.
It laid out several key facts about the VC firm’s relationship with the Tornado Cash founders, including a 900,000 investment made in August 2020. In return, Dragonfly received the option to purchase network tokens and ultimately ended up with 5% of the TORN supply issued that December. The firm later sold a portion of its holdings in August 2022 for crypto worth more than 4 million.
Additionally, the government denied that Dragonfly or any of its executives are under investigation, citing “inaccurate and misleading public reporting on the government’s position.”
After some back-and-forth yesterday over whether the defense’s @chainalysis witness would take the stand, Storm’s lawyer Brian Klein said an individual (unclear whether it’s the same one as Klein forgot the person’s name) will be on today’s witness list, which will include at least four others.
We may also find out whether Storm himself will testify. The charge conference is expected to happen today too, where both sides will battle over the legal instructions the jury gets before deliberations.(Eleanor Terrett)
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink