Samourai Wallet’s executive officials staff at 5 years prison sentence star-news.press/wp
Encryption correspondent
Shalini Nagarajan
Encryption correspondent
Shalini Nagarajan
Involve
The founders of the Bitcoin Samourai Wallet may face up to five years in prison after their approval of being guilty of operating an unlicensed money transmission device.
The approval agreement, which entered on Wednesday, explodes the husband from the charge of laundering the most dangerous money and which carried a 20 -year prison sentence.
Court documents show that William Longjan Hill and Rodriguez, who previously acknowledged that he was not guilty, was not guilty of their calls in the southern region of New York.
According to the agreement, the US Department of Justice dropped the number of money laundering, leaving only the charge of managing the business that is not licensed to send money, which carries the penalty of the maximum for five years.
Samurai founders are accused of marketing a platform as a money laundering tool
The Ministry of Justice and the Federal Investigation Office closed the Samurai wallet in 2024. They also arrested the founders. The authorities claimed that the service intentionally enabled the criminals to hide the illegal money. Moreover, prosecutors said the platform washed more than $ 100 million. They added that it was actively marketed as a large -scale money laundering tool and evading the sanctions.
Samourai Wallet was a popular application to mix the coin that allowed users to block the flow of their encrypted transactions. These services combine multiple transactions together, which makes it difficult to track money on general Blockchain.
While privacy advocates look at mixers as vital tools for not being identified, the American authorities have long linked electronic crimes and stolen boxes.
The condemnation is an important result of federal public prosecutors, who have increasingly targeted privacy coding developers.
Sparks issue is a discussion about the user’s privacy balance with the targets of law enforcement
Currency mixers were in the midst of another prominent suppression campaign. It is scheduled to conclude this week, a case that has been closely seen by the encryption industry, to conclude this week that the trial of the co -founder of Tornado Cash, a case that the encryption industry closely seen, will conclude this week.
The American authorities prevented the Americans from using Tornado Cash in 2022, saying that the ETHEREUM -based protocol was used to wash billions in illegal money.
Samourai Wallet’s founders also face highly slope financial penalties. The approval agreement includes the confiscation of $ 237 million and a fine of $ 400,000. The ruling is scheduled to be issued on November 6, and federal guidance calls for a period of up to 60 months.
The case sparked a broader discussion about the future of privacy tools in the encrypted currency. Prosecutors argue that criminals often misuse these services. However, defenders contradict that they are necessary to protect the user’s secret on the transparent general professor’s book.
Moreover, the guilty calls can also affect other outstanding issues. The Ministry of Justice has already brought similar charges against other mixer developers, such as bitcoin fog. As a result, the outcome of Samourai may encourage public prosecutors to continue to follow up on such procedures.
Currently, Hill and Rodriguez are waiting for the ruling because the industry weighs the broader influence of the issue.
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2025-07-31 06:02:00
