Samourai Wallet crypto-currency mixing service co-founder arrested for money laundering
According to The Block, the co-founders of the encrypted coin-mixing service, Samourai Wallet, have been arrested. Prosecutors allege that they laundered $100 million from Silk Road and other illegal markets. On Wednesday, Samourai CEO Keonne Rodriguez and CTO William Lonergan Hill were charged with operating the Samourai wallet.Prosecutors claim that Samourai is an unlicensed money transfer company that participated in "over $2 billion in illegal transactions and provided over $100 million in money laundering transactions for illegal dark web markets, including Silk Road." Rodriguez was arrested on Wednesday morning and will face trial in Pennsylvania.Hill was reportedly arrested in Portugal, and the US is seeking extradition. Prosecutors say that Samourai's network servers and domain name have also been seized, and the app can no longer be downloaded from the US Google Play store. Rodriguez and Hill are charged with money laundering and unlicensed money transmission, with maximum sentences of 20 years and 5 years, respectively.
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