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Samourai Wallet Founders Face 5-Year Maximum Sentence After Guilty Plea

Keonne Rodriguez and William Lonergan Hill, founders of Samourai Wallet, pleaded guilty to operating an unlicensed money transmission business involving criminal proceeds, U.S. prosecutors in the Southern District of New York disclosed in a sentencing memorandum. Prosecutors are seeking the maximum sentence of 5 years under 18 U.S.C. §371, alleging the pair solicited criminal users on the dark web and described coin mixing as "Bitcoin money laundering." Authorities claim the service laundered at least $237 million from 2015 to 2024, with the defendants collecting approximately 246.3 BTC in fees, currently valued at around $269 million, Decrypt reports. Rodriguez is scheduled for sentencing on November 6, with Hill's sentencing set for the following day.
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