Co-founder of Samourai Wallet asserts innocence, granted release on $1M bond.

Keonne Rodriguez, one of the individuals charged by the United States Justice Department with money laundering in connection to cryptocurrency mixer Samourai Wallet, has entered a plea of not guilty and has been released on bail.
Appearing in the U.S. District Court for the Southern District of New York on April 29, Rodriguez pleaded not guilty to charges of conspiracy to operate an unlicensed money-transmitting business and money laundering. Assistant U.S. Attorneys agreed to a $1 million bond for the co-founder of Samourai Wallet, with the condition that he remains within certain regions of New York and Pennsylvania when not at his home.


Source: PACER
Rodriguez will be primarily confined to his residence in Harmony, Pennsylvania and will be required to wear a location monitoring device. Additionally, the terms of his bail prohibit him from providing services for Samourai Wallet or conducting any cryptocurrency transactions, directly or indirectly, without prior approval.
William Hill, the chief technology officer of Samourai Wallet, was arrested on April 24, the same day as Rodriguez, but has not yet made an appearance in a U.S. courtroom. This delay is likely due to Hill being arrested in Portugal and authorities going through the process of extradition. Rodriguez is scheduled to appear in court again on May 14.
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Both individuals could face a maximum sentence of 20 years in prison for the money laundering charge and five years for the conspiracy to operate an unlicensed money-transmitting business charge. Samourai Wallet’s servers and domain in Iceland have already been seized by authorities.
These arrests are the latest in a series of actions taken by the U.S. government against cryptocurrency mixers, with allegations that the technology has facilitated money laundering by hacker groups and terrorists. Despite criticism from industry leaders and lawmakers, the U.S. Treasury Department’s Office of Foreign Asset Control has imposed sanctions on Blender and Tornado Cash.
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