Crypto Mixing Service Founders Arrested for $100M Laundering Scheme
April 25, 2024On April 25, 2024, Samourai co-founders Keonne Rodriguez and William Lonergan Hill were arrested for running an illegal money-transmitting service and aiding in money laundering.
The cryptocurrency mixing service is accused of processing over $2 billion in illegal transactions and laundering more than $100 million for criminals.
Samourai's features were specifically designed to help users conceal the origins of illegal proceeds.
Arrests were made in both the United States and Portugal, with the U.S. Department of Justice confiscating the service's web servers and domain.
The legal actions against Samourai's co-founders could establish a new precedent for the regulation and oversight of privacy-centric cryptocurrency services.
Summary based on 20 sources
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Sources
Forbes • Apr 25, 2024
Privacy-Centric Bitcoin Wallet Founders Held Under Laundering ChargesDOJ USAO Southern District of New York logo • Apr 24, 2024
Founders And CEO Of Cryptocurrency Mixing Service Arrested And Charged With Money Laundering And Unlicensed Money Transmitting OffensesBleepingComputer • Apr 24, 2024
US charges Samourai cryptomixer founders for laundering $100 millionCointelegraph • Apr 24, 2024
Samourai Wallet mixer co-founders arrested on AML, licensing charges