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Samourai Wallet Founders Plead Guilty in $100M Bitcoin Laundering Case

2025-08-02 22:13:05

Main Idea

Samourai Wallet co-founders had their lawsuit dropped by the DOJ, which is no longer pursuing cases based on withheld internal communications from FinCEN, while Tornado Cash faces similar legal action.

Key Points

1. Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill faced charges of conspiring to launder money, punishable by up to 20-25 years.

2. The DOJ dropped the lawsuit following a memo stating it would no longer pursue cases based on withheld internal communications from FinCEN.

3. The DOJ claimed Samourai Wallet laundered over $100 million in criminal proceeds but argued it didn’t have to share FinCEN's internal communications.

4. Tornado Cash is facing similar legal action, with co-founder Roman Storm accused of money laundering, violating U.S. sanctions, and operating an unlicensed money service.

5. A blockchain developer filed a lawsuit against the DOJ earlier this year, though details were not fully disclosed in the article.

Description

Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have decided to plead guilty to charges related to their mixer service. The pair had previously denied guilt in April 2024 and had made several attempts to have their lawsuit dropped. Pleas Changed on Wednesday According to court documents shared earlier in the week, the executives agreed to change their admissions during a Wednesday morning hearing before Judge Denise Cote. The two faced charges of conspiring to launder mone...

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Tags:
AA News Crypto News DOJ Money Laundering United States
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