Samurai Wallet founders allegedly conspired to launder over $100 million.
The wallet's website has been seized, and a seizure warrant has been issued for its mobile application.
FM
Federal prosecutors charged Samurai Wallet founders, Keonne Rodriguez and William Lonergan Hill, with conspiracy to commit money
laundering yesterday (Wednesday), marking another development in the US
government's ongoing efforts to address the use of crypto mixing tools
potentially exploited by illicit actors and foreign entities to conceal
financial transactions.
Facing Legal Action over Alleged Transactions
According to a press release issued on Wednesday, Rodriguez
and Hill stand accused of developing, marketing, and operating the mixer,
purportedly facilitating more than $100 million in money laundering
transactions from illegal dark web markets. The release further alleges that
Samourai Wallet facilitated approximately $2 billion in "unlawful
transactions" from 2015 to the present.
Prosecutors have claimed that Rodriguez and Hill accrued around
$4.5 million in fees for their mixing services, with different features
carrying various pool fees, as outlined in the indictment. The charges against
the duo include conspiracy to commit money laundering and conspiracy to operate
an unlicensed money-transmitting business, carrying potential maximum sentences
of 20 years and five years, respectively.
Rodriguez was reportedly arrested on Wednesday morning and
is expected to be arraigned in Pennsylvania today or tomorrow, while Hill, the
Chief Technology Officer of Samourai Wallet, was apprehended in Portugal and
will face extradition to the US.
Website Seized Following Developer Indictment
The Samourai Wallet website,
previously hosted in Iceland, has been seized, along with a seizure warrant
issued for the mobile application on the Google Play Store. The website's
homepage now displays a warning from US officials following the developers'
indictment.
Seized Website
The Department of Justice's press release highlighted that
Samourai Wallet had been under development since 2015, alleging that Rodriguez
and Hill actively encouraged users to launder criminal proceeds through the
mixer, citing social media posts and private messages. The mobile application
reportedly garnered over 100,000 downloads.
Federal prosecutors charged Samurai Wallet founders, Keonne Rodriguez and William Lonergan Hill, with conspiracy to commit money
laundering yesterday (Wednesday), marking another development in the US
government's ongoing efforts to address the use of crypto mixing tools
potentially exploited by illicit actors and foreign entities to conceal
financial transactions.
Facing Legal Action over Alleged Transactions
According to a press release issued on Wednesday, Rodriguez
and Hill stand accused of developing, marketing, and operating the mixer,
purportedly facilitating more than $100 million in money laundering
transactions from illegal dark web markets. The release further alleges that
Samourai Wallet facilitated approximately $2 billion in "unlawful
transactions" from 2015 to the present.
Prosecutors have claimed that Rodriguez and Hill accrued around
$4.5 million in fees for their mixing services, with different features
carrying various pool fees, as outlined in the indictment. The charges against
the duo include conspiracy to commit money laundering and conspiracy to operate
an unlicensed money-transmitting business, carrying potential maximum sentences
of 20 years and five years, respectively.
Rodriguez was reportedly arrested on Wednesday morning and
is expected to be arraigned in Pennsylvania today or tomorrow, while Hill, the
Chief Technology Officer of Samourai Wallet, was apprehended in Portugal and
will face extradition to the US.
Website Seized Following Developer Indictment
The Samourai Wallet website,
previously hosted in Iceland, has been seized, along with a seizure warrant
issued for the mobile application on the Google Play Store. The website's
homepage now displays a warning from US officials following the developers'
indictment.
Seized Website
The Department of Justice's press release highlighted that
Samourai Wallet had been under development since 2015, alleging that Rodriguez
and Hill actively encouraged users to launder criminal proceeds through the
mixer, citing social media posts and private messages. The mobile application
reportedly garnered over 100,000 downloads.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
WhiteBIT secures brokerage license in Georgia to launch regulated crypto derivatives
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
