30.07.2025 05:58

Keonne Rodriguez and William Lonergan Hill, co-founders of Samourai Wallet, have admitted guilt to charges related to their cryptocurrency mixing service. This significant plea change, made in July 2025, exposes them to potential sentences of up to 25 years imprisonment. The charges stem from accusations of conspiracy to launder money and operating an unlicensed money transmitting business.

The prosecution alleges the service facilitated over $2 billion in transactions, some of which are reportedly linked to illegal online marketplaces. Initially, the co-founders pleaded not guilty, attempting to have the case dismissed using arguments based on Department of Justice memos and legal counsel. However, these attempts proved unsuccessful, ultimately leading to their change of plea.

This case underscores the increasing regulatory scrutiny of cryptocurrency mixing services. The guilty pleas follow ongoing legal proceedings against other similar services, indicating a broader crackdown on activities perceived as facilitating illicit financial activities. The substantial potential prison sentences highlight the severe consequences of operating such services without proper licensing and compliance with anti-money laundering regulations. Legal experts from internet sources are closely observing this landmark case, analyzing its implications for the broader cryptocurrency industry.