The post Samourai Wallet Developer Sentenced to 5 Years and Fined $250k; Can He Appeal After Clarity Act? appeared first on Coinpedia Fintech News Keonne Rodriguez, a 37-year-old developer of the Samourai Wallet, has been sentenced to five years in prison. Rodriguez was also fined $250,000 and is expected to forfeit $237 million tied to illegal activities as part of the plea deal. Notably, he pleaded guilty in July 2025 to a conspiracy count for operating an unlicensed money-transmitting …The post Samourai Wallet Developer Sentenced to 5 Years and Fined $250k; Can He Appeal After Clarity Act? appeared first on Coinpedia Fintech News Keonne Rodriguez, a 37-year-old developer of the Samourai Wallet, has been sentenced to five years in prison. Rodriguez was also fined $250,000 and is expected to forfeit $237 million tied to illegal activities as part of the plea deal. Notably, he pleaded guilty in July 2025 to a conspiracy count for operating an unlicensed money-transmitting …

Samourai Wallet Developer Sentenced to 5 Years and Fined $250k; Can He Appeal After Clarity Act?

Thodex Founder Found Dead in Prison

The post Samourai Wallet Developer Sentenced to 5 Years and Fined $250k; Can He Appeal After Clarity Act? appeared first on Coinpedia Fintech News

Keonne Rodriguez, a 37-year-old developer of the Samourai Wallet, has been sentenced to five years in prison. Rodriguez was also fined $250,000 and is expected to forfeit $237 million tied to illegal activities as part of the plea deal.

Notably, he pleaded guilty in July 2025 to a conspiracy count for operating an unlicensed money-transmitting business through the Samourai Wallet. The prosecutor, however, dropped the money laundering charges as part of the plea deal. 

Furthermore, the Samourai Wallet allowed users to obscure Bitcoin transactions through mixing in a similar scheme to Tornado Cash. The judge also imposed a 3-year supervised release for the Samourai Wallet co-founder after serving his time.

What Next for the Samourai Wallet Co-founder after the Clarity Act

Rodriguez’s case was complicated after he pleaded guilty earlier this year. With the sentence issued by the Judge, a potential legislative relief may be void in a potential appeal case.

Notably, the Clarity Act, which seeks to give the wider crypto market clarity, has a clause that guides open-source web3 development. If the Clarity Act is passed with its current provisions, web3 developers cannot be held liable solely for publishing open-source code, running blockchain nodes, and providing self-custodial software.

However, the ongoing U.S. government shutdown has pushed further the timelines for the Clarity Act. As such, Rodriguez may not be eligible for legislative relief, especially since his charge dated back in 2015 violated existing laws.

Nevertheless, Rodriguez could seek an appeal to push for a sentence reduction, which is independent of legislative relief. Moreover, his lawyers suggested a sentence of 1 year and 1 day in prison.

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 service@support.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

SUI Surges From Consolidation, Buyers Regain Control Above $1.78

SUI Surges From Consolidation, Buyers Regain Control Above $1.78

SUI had a good start to 2026 after a long consolidation, finally breaking higher above pivotal support. On the 4-hour timeline, the coin transitioned from relative
Share
Tronweekly2026/01/12 18:05
Shibarium releases security incident update: Specific bridge operations have been restricted, limiting the attacker's short-term BONE token staking

Shibarium releases security incident update: Specific bridge operations have been restricted, limiting the attacker's short-term BONE token staking

PANews reported on September 21st that the Shibarium cross-chain bridge, which connects the Layer 2 network Shibarium and Ethereum, was previously attacked by a flash loan, with approximately $2.4 million in ETH and SHIB stolen. Shibarium has now released a security incident update, stating: 1. Specific bridge operations have been restricted to prevent new unauthorized transactions; 2. Upgrade and restrict potential abuse paths (deposits/withdrawals/claims/rewards) and add targeted defensive controls to prevent abuse of delegated staking; 3. Recover and protect the at-risk BONE held by the staking managers. The attacker’s short-term BONE staking will be effectively restricted by intervention and protocol mechanisms. 4. Rotate validator signers and migrate contract control to multi-party hardware custody; continue the broad migration away from legacy keys; 5. Real-time monitoring of attacker traffic; automatic alerts and reporting to partners and exchanges; 6. Hire independent security researchers, incident response firms, and relevant departments.
Share
PANews2025/09/21 17:26
Trove ICO Rule Changes Allegedly Impact Trader Losses

Trove ICO Rule Changes Allegedly Impact Trader Losses

Allegations of modifications to Trove's ICO rules reportedly influenced significant market reactions, leading to notable trader losses and concerns about fairness
Share
coinlineup2026/01/12 18:44