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Samourai Wallet co-founder pleads not guilty, released on M bond

Samourai Wallet co-founder pleads not guilty, released on $1M bond

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Source: Coin Telegraph

The terms of Keonne Rodriguez’s bail prevent him from engaging in “any cryptocurrency transactions, directly or indirectly,” without prior approval from the court.

Keonne Rodriguez, one of two individuals associated with cryptocurrency mixer Samourai Wallet who the United States Justice Department charged with money laundering, has pleaded not guilty and was released on bail.

In an April 29 appearance in U.S. District Court for the Southern District of New York, Rodriguez pleaded not guilty to conspiracy to operate an unlicensed money-transmitting business and money laundering. Assistant U.S. Attorneys agreed to a $1 million bond for the Samourai Wallet co-founder, with travel restricted to parts of New York and Pennsylvania when not confined to his home.

Rodriguez will be largely confined to his residence in Harmony, Pennsylvania and required to wear a location monitoring device. In addition, the terms of his bail prevent him from performing services for Samourai Wallet or engaging in “any cryptocurrency transactions, directly or indirectly” without prior approval. 

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Author: Turner Wright