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.
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.
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.
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.
AMF Warns French Investors about Bybit Crypto Exchange
Hannelรฉ De Necker, CEO, IFX Brokers | FMAS:24
Hannelรฉ De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors ๐คฉ Starting off strong with Hannelรฉ De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors ๐คฉ Starting off strong with Hannelรฉ De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now ๐ https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now ๐ https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaโs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now ๐ https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
๐ LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaโs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now ๐ https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
๐ฃ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
๐ฃ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa