US EditionCrypto Mixer Founders Plead Guilty as Storm Case Heads to Jury
6 Articles
6 Articles
Crypto Mixer Founders Plead Guilty as Storm Case Heads to Jury
The founders of a cryptocurrency mixing service admitted helping launder more than $100 million in proceeds from illegal darkweb marketplaces and fraud schemes, as the developer of a similar platform awaits a jury verdict in the same court.
Samourai Wallet Developers Plead Guilty, Avoid Harsher Charges - FinanceFeeds
The developers behind bitcoin privacy app Samourai Wallet have pleaded guilty to operating an unlicensed money transmitting business, striking a deal with U.S. prosecutors that spares them the risk of a much longer prison sentence. Keonne Rodriguez and William “Bill” Lonergan Hill entered their guilty pleas on Wednesday in the Southern District of New York, admitting to a single conspiracy charge tied to the wallet’s mixing service, which author…
Key points of the news Keonne Rodriguez and William Lonergan Hill, the developers behind Samourai Wallet, pleaded guilty in New York to operating an unlicensed money transmitter, but avoided more serious money laundering charges. They will have to deliver more than $237 million and pay heavy fines before sentencing in November 2025. Their case opens questions as to how far privacy tool makers can go without facing harsh legal sanctions.
Samourai Wallet developers admit to facilitating illegal transactions with cryptocurrencies, facilitating at least the laundering of USD 100 million in legal transactions. *** Samourai Wallet executed more than USD 2 billion in illegal transactions, legitimizing at least USD 100 million. The founders accepted a penalty of less than 60 months and a fine of USD 400,000. The case coincides with the trial of Tornado Cash for alleged laundering linke…
Samourai Wallet Developers Plead Guilty in $100M Bitcoin Mixing Case
The developers behind Bitcoin privacy tool Samourai Wallet have pleaded guilty to conspiracy charges for operating an unlicensed money transmitting business, a significant shift from their earlier not guilty pleas. Keonne Rodriguez and William Bill Lonergan Hill entered their pleas Wednesday before U.S. District Judge Denise Cote in the Southern District of New York, avoiding more severe money laundering charges that carried up to 20 years in pr…
Samourai Wallet Founders Plead Guilty as U.S. Targets Crypto Privacy Tools
Key highlights: Samourai Wallet founders Keonne Rodriguez and William Hill plan to plead guilty to federal charges related to laundering over $2 billion through their crypto mixing service. The charges carry a combined maximum sentence of 25 years, with a court hearing on the plea change scheduled for Wednesday. The case follows failed defense efforts and may set a precedent for how U.S. authorities handle developers of privacy-focused blockch…
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