Samourai Wallet co-founders to now plead guilty to US charges
Main Idea
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill are pleading guilty to U.S. charges related to their involvement in a crypto mixing protocol that processed over $2 billion in unlawful transactions, facing potential prison sentences of up to 25 years.
Key Points
1. Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill are changing their pleas to guilty in a New York court case.
2. The duo operated a crypto mixing protocol that processed over $2 billion in unlawful transactions.
3. Rodriguez and Hill face maximum prison sentences of up to 25 years.
4. The case is part of broader U.S. regulatory scrutiny on crypto mixers, including Tornado Cash, whose creator Roman Storm is also on trial.
5. Samourai’s lawyers previously alleged that federal prosecutors suppressed evidence before the founders were charged.
Description
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill say they’ll change their not guilty plea relating to charges tied to their crypto mixing service.
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