Samourai Wallet Execs Face 25 Years After Plea Change in Laundering Case
Main Idea
Samourai Wallet executives Keonne Rodriguez and William Lonergan Hill are expected to plead guilty in a money laundering case, facing up to 25 years in prison for operating an unlicensed crypto mixing service.
Key Points
1. Keonne Rodriguez and William Lonergan Hill, the executives behind Samourai Wallet, will change their pleas to guilty in a New York court on July 30, 2025.
2. The duo was charged in April 2024 for operating a crypto mixing service that processed over $2 billion, accused of running an unlicensed money-transfer service.
3. Each faces up to 25 years in prison if convicted; their previous not-guilty pleas and arguments about licensing requirements were rejected by the court.
4. The case is part of broader regulatory scrutiny on crypto mixing services, with authorities likening their operations to illicit platforms like Silk Road.
Description
Keonne Rodriguez and William Lonergan Hill , the two men behind the Samourai Wallet project, are expected to admit guilt in a New York courtroom .
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