The post Samourai Wallet co-founder sentenced to five years in prison appeared on BitcoinEthereumNews.com. The founder of Samourai Wallet has been sentenced to five years in prison after pleading guilty to a conspiracy charge.  After about a year and seven months since his arrest, Samourai Wallet dev, Keonne Rodriguez, has been sentenced to five years in prison. The case against Samourai Wallet Keonne Rodriguez and his co-founder William Lonergan Hill launched Samourai Wallet in 2015 as a privacy-focused Bitcoin wallet. The wallet was advertised on its website and via social media as a “premium privacy service” and it made use of marketing language such as “No email address, no ID check, and no hassle”, and clearly targeted “Dark/Grey Market participants” who were repeatedly reminded that their Bitcoin transfers would be hard to trace on the platform. In April 2024, Keonne Rodriguez and William Lonergan Hill were arrested and later indicted by the U.S. government. Samourai never registered as a money transmitting business with the Financial Crimes Enforcement Network (FinCEN) and did not implement effective anti-money-laundering (AML) or “know your customer” (KYC) protocols. Prosecutors claim that Samourai processed about $237 million in illicit funds between 2015 and April 2024.  Rodriguez and Hill pleaded guilty on July 30, 2025, to a charge of conspiracy to operate an unlicensed money-transmitting business. Rogriguez’s verdict is bad news for privacy advocates On November 6, 2025, Keonne Rodriguez was sentenced to 60 months (5 years) in federal prison. That sentence is the statutory maximum for the charge requested by the prosecution, as Cryptopolitan reported earlier during the week. Rodriguez is also required to pay a fine and will be supervised after his release. Judge Denise L. Cote was not swayed by Rogriguez’s defense of privacy tools, citing its failure to address the real-world consequences of facilitating criminal transactions. The presiding judge also found his letters of remorse failing to show… The post Samourai Wallet co-founder sentenced to five years in prison appeared on BitcoinEthereumNews.com. The founder of Samourai Wallet has been sentenced to five years in prison after pleading guilty to a conspiracy charge.  After about a year and seven months since his arrest, Samourai Wallet dev, Keonne Rodriguez, has been sentenced to five years in prison. The case against Samourai Wallet Keonne Rodriguez and his co-founder William Lonergan Hill launched Samourai Wallet in 2015 as a privacy-focused Bitcoin wallet. The wallet was advertised on its website and via social media as a “premium privacy service” and it made use of marketing language such as “No email address, no ID check, and no hassle”, and clearly targeted “Dark/Grey Market participants” who were repeatedly reminded that their Bitcoin transfers would be hard to trace on the platform. In April 2024, Keonne Rodriguez and William Lonergan Hill were arrested and later indicted by the U.S. government. Samourai never registered as a money transmitting business with the Financial Crimes Enforcement Network (FinCEN) and did not implement effective anti-money-laundering (AML) or “know your customer” (KYC) protocols. Prosecutors claim that Samourai processed about $237 million in illicit funds between 2015 and April 2024.  Rodriguez and Hill pleaded guilty on July 30, 2025, to a charge of conspiracy to operate an unlicensed money-transmitting business. Rogriguez’s verdict is bad news for privacy advocates On November 6, 2025, Keonne Rodriguez was sentenced to 60 months (5 years) in federal prison. That sentence is the statutory maximum for the charge requested by the prosecution, as Cryptopolitan reported earlier during the week. Rodriguez is also required to pay a fine and will be supervised after his release. Judge Denise L. Cote was not swayed by Rogriguez’s defense of privacy tools, citing its failure to address the real-world consequences of facilitating criminal transactions. The presiding judge also found his letters of remorse failing to show…

Samourai Wallet co-founder sentenced to five years in prison

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

The founder of Samourai Wallet has been sentenced to five years in prison after pleading guilty to a conspiracy charge. 

After about a year and seven months since his arrest, Samourai Wallet dev, Keonne Rodriguez, has been sentenced to five years in prison.

The case against Samourai Wallet

Keonne Rodriguez and his co-founder William Lonergan Hill launched Samourai Wallet in 2015 as a privacy-focused Bitcoin wallet.

The wallet was advertised on its website and via social media as a “premium privacy service” and it made use of marketing language such as “No email address, no ID check, and no hassle”, and clearly targeted “Dark/Grey Market participants” who were repeatedly reminded that their Bitcoin transfers would be hard to trace on the platform.

In April 2024, Keonne Rodriguez and William Lonergan Hill were arrested and later indicted by the U.S. government.

Samourai never registered as a money transmitting business with the Financial Crimes Enforcement Network (FinCEN) and did not implement effective anti-money-laundering (AML) or “know your customer” (KYC) protocols.

Prosecutors claim that Samourai processed about $237 million in illicit funds between 2015 and April 2024.  Rodriguez and Hill pleaded guilty on July 30, 2025, to a charge of conspiracy to operate an unlicensed money-transmitting business.

Rogriguez’s verdict is bad news for privacy advocates

On November 6, 2025, Keonne Rodriguez was sentenced to 60 months (5 years) in federal prison. That sentence is the statutory maximum for the charge requested by the prosecution, as Cryptopolitan reported earlier during the week. Rodriguez is also required to pay a fine and will be supervised after his release.

Judge Denise L. Cote was not swayed by Rogriguez’s defense of privacy tools, citing its failure to address the real-world consequences of facilitating criminal transactions. The presiding judge also found his letters of remorse failing to show sufficient acknowledgement for the human suffering his actions caused.

The verdict is bad news for the other party in this case as well as Tornado Cash developers facing similar charges for running a privacy tool for transmitting funds. Meanwhile, it appears the U.S. government’s promise to allow digital asset innovation while cracking down on illegality does not extend to crypto-mixers and privacy-enhancing tools when it’s used to aid criminal proceeds. This has caused some tension as open-source privacy tools have been praised by advocates as protections for financial freedom and human rights.

Claim your free seat in an exclusive crypto trading community – limited to 1,000 members.

Source: https://www.cryptopolitan.com/samourai-wallet-dev-5-year-prison-sentence/

Market Opportunity
Ambire Wallet Logo
Ambire Wallet Price(WALLET)
$0.01069
$0.01069$0.01069
+1.13%
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
US Dollar pulls back as markets assess Iran; Fed, ECB ahead

US Dollar pulls back as markets assess Iran; Fed, ECB ahead

The post US Dollar pulls back as markets assess Iran; Fed, ECB ahead appeared on BitcoinEthereumNews.com. Here is what you need to know for Tuesday, March 17: The
Share
BitcoinEthereumNews2026/03/17 03:29
XRPL Validator Reveals Why He Just Vetoed New Amendment

XRPL Validator Reveals Why He Just Vetoed New Amendment

Vet has explained that he has decided to veto the Token Escrow amendment to prevent breaking things
Share
Coinstats2025/09/18 00:28