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Headline : DOJ arrests Samourai Wallet founder over $2b illegal money flow 

Read more from the original article on here at crypto.news.




Tags : #doj #arrests #samourai #wallet #founder #over #2b #illegal #money #flow


No. of Paragraph 19

Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill have been arrested by U.S. authorities for laundering over $100 million.

According to an April 24 press statement from the U.S. Department of Justice, federal prosecutors have indicted Rodriguez and Hill with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitter via crypto-mixing platform Samourai. 

Per the notice, Rodriguez was arrested on U.S. soil, while Hill was apprehended in Portugal and will be extradited to face trial. If convicted, Rodriguez faces a sentence of up to 20 years and Hill up to five years.

Samourai’s Wallet website, hosted in Iceland, was also seized, and the Google Play Store was petitioned to offboard the application. 

Read more from the original article on here at crypto.news.


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