Crypto Mix-Up: Samourai Wallet Founders Sentenced for $237M Laundering Scheme
Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill were sentenced to prison for laundering over $237 million. Their cryptomixing app, downloaded over 100,000 times, helped conceal illicit cryptocurrency transactions. Despite their “Whirlpool” and “Ricochet” features, their legal defense was more like a leaky sieve than a bulletproof vest.
Hot Take:
Looks like the Samourai Wallet founders have been mixing more than just metaphors—they’ve been stirring up some serious trouble! With their cryptomixing caper finally coming to a frothy end, it’s safe to say that these two won’t be winning any awards for transparency anytime soon. The only thing they’ll be blending now is their prison porridge. Turns out, when you play with fire (or Bitcoin), you might just end up behind bars.
Key Points:
- Samourai Wallet founders sentenced for laundering over $237 million.
- CEO Keonne Rodriguez and CTO William Lonergan Hill receive 5 and 4-year sentences respectively.
- The duo was charged with conspiracy to operate an unlicensed money-transmitting business and money laundering.
- Samourai Wallet app, which facilitated illegal transactions, was downloaded over 100,000 times.
- Criminals used the service to launder over $2 billion in illicit funds.