Crypto Chaos: Samourai Wallet Founders Plead Guilty to $200M Laundering Spree
The Samourai Wallet founders have pleaded guilty to laundering over $200 million for criminals. The duo admitted to operating a money transmitting business handling criminal proceeds, all while promoting their service as “money laundering for bitcoin.” They now face up to five years in prison and must forfeit millions.
Hot Take:
Who knew money laundering could be so high-tech? The founders of Samourai Wallet took the phrase “cleaning up your finances” a bit too literally, turning their crypto mixer into a spin cycle for the underworld’s dirty laundry. If only they had mixed in a bit more common sense!
Key Points:
- Samourai founders plead guilty to laundering over $200 million for criminals.
- They face a maximum 5-year prison sentence and must forfeit over $237 million.
- Samourai Wallet was downloaded over 100,000 times, facilitating anonymous transactions.
- The service processed over 80,000 Bitcoins from illegal activities between 2015 and 2024.
- Samourai’s services were advertised for making Bitcoin untraceable, targeting dark web users.
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