Samourai Wallet founders plead guilty to unlicensed money transmission; DOJ drops laundering, conspiracy charges – #CryptoUpdatesGNIT

Samourai Wallet founders face prison after guilty plea

Samourai Wallet founders are facing 5 years behind bars after pleading guilty to unlicensed money transfer business tied to $2B in illicit 'crypto' trades. The post Samourai Wallet founders face prison after guilty plea appeared first on CoinGeek.

Samourai Wallet founders plead guilty to unlicensed money transmission; DOJ drops laundering, conspiracy charges – #CryptoUpdatesGNIT

The developers behind Samourai Wallet pleaded guilty to a single count of conspiracy to operate an unlicensed money‑transmitting business. The plea deal secures dismissal of the parallel money laundering conspiracy charge and caps potential prison time at five years. It also includes $237 million in forfeiture and a $400,000 fine. As journalist Matthew Russell Lee reported on July 30, sentencing is set for November 6. Additionally, the defendant…