Samourai Wallet Co-Founder Denies Money Laundering Charges

As a seasoned crypto investor with over a decade of experience in the industry, I’ve seen my fair share of regulatory challenges and legal battles. However, the recent arrest and charges against Keonne Rodriguez, co-founder of Samourai Wallet, have left me feeling uneasy and concerned.

Co-founder of Samourai Wallet, Keonne Rodriguez, made a court appearance in the Southern District of New York’s United States District Court lately to refute allegations of money laundering and operating an unlicensed money-transmitting business. The plea agreement was officially submitted during this proceeding.

Keonne Rodriguez, one of the founders of Samourai Wallet, recently taken into custody, entered a plea of not guilty in court regarding two accusations: conspiring to launder money and operating an unlicensed money transmitting business without permission. Rodriguez was granted bail with a bond set at $1 million.

— Donna🐬🐬 (@kt__Donna) April 29, 2024

At the April 29th hearing, Milla Rodriguez was granted bail with a $1 million bond. Additional travel restrictions were imposed on him, allowing him only to move between certain areas in Pennsylvania and New York. During this time, Rodriguez will be required to stay at his home in Pennsylvania under house arrest and will be closely monitored. His ability to engage in cryptocurrency transactions or offer Samourai Wallet’s services is contingent upon receiving prior authorization from Jones.

As a crypto investor, I’ve noticed how aggressively U.S. authorities have been cracking down on cryptocurrency mixers, which are often suspected of being involved in money laundering schemes. The arrests of Rodriguez and his partner, William Hill, serve as a stark reminder of this heightened scrutiny towards crypto usage. Their court appearance is scheduled for the 14th of May, and the trial proceedings have been ongoing.

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2024-04-30 03:00