Samourai Wallet Co-Founder Pleads Not Guilty to Money Laundering Charges, Released on Bail
Keonne Rodriguez, one of the individuals associated with the popular cryptocurrency mixer Samourai Wallet, has entered a plea of not guilty to charges of money laundering .
The United States Justice Department had charged Rodriguez and his co-founder, William Hill, with various offenses related to their involvement with Samourai Wallet.
On April 29, Rodriguez appeared before the U.S. District Court for the Southern District of New York, where he pleaded not guilty to conspiracy to operate an unlicensed money-transmitting business and money laundering charges.
As part of the bail agreement, Rodriguez was released on a $1 million bond.
However, his movements are now restricted, and he is required to wear a location monitoring device.
He will primarily be confined to his residence in Harmony, Pennsylvania, with limited travel permitted in parts of New York and Pennsylvania.
The terms of Rodriguez’s bail also explicitly prohibit him from conducting any activities related to Samourai Wallet or engaging in any cryptocurrency transactions without prior approval.
These measures are aimed at ensuring compliance with legal requirements and preventing any potential continuation of alleged illicit activities.
Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service.
The charges carry a maximum sentence of 20 years and five years, respectively.
He was… pic.twitter.com/kmWFsKMhhM
— ICO Drops (@ICODrops) April 30, 2024
Meanwhile, William Hill, the chief technology officer of Samourai Wallet, was arrested on the same day as Rodriguez, but he has yet to appear in a U.S.
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