Samourai Wallet mixer co-founders arrested on AML, licensing charges
The crypto mixer allegedly handled $2 billion in unlawful transactions and facilitated $100 million in money laundering.
The co-founders of cryptocurrency mixer Samourai Wallet have been arrested on charges of money laundering brought by the United States Justice Department (DOJ) and other agencies.
Samourai Wallet CEO Keonne Rodriguez and chief technology officer William Hill will each face one count of conspiracy to commit money laundering, with a maximum sentence of 20 years in prison, and one count of conspiracy to operate an unlicensed money transmitting business, with a maximum sentence of five years in prison.
Rodriguez was arrested on the morning of April 24 in Pennsylvania, and Hill was arrested the same day in Portugal. According to a statement released by the U.S. Attorney’s Office of the Southern District of New York, the United States will seek Hill’s extradition. The company’s servers and domain were also seized in Iceland, and a warrant has been served to stop downloads of the company’s app from the Google Play Store. The app has been downloaded more than 100,000 times.
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Author: Derek Andersen
