Samourai Wallet Co-Founders Face 5-Year Prison Time in Money Laundering Case

U.S. prosecutors are seeking a five-year prison sentence for Keonne Rodriguez and William Lonergan Hill, co-founders of the Samourai wallet, after their guilty pleas regarding an unlicensed money transmitting business. The pair admitted to operating this business, linked to laundering $237 million via the wallet’s mixing services, according to court filings. The charges were dropped under a plea deal, but both are required to forfeit assets valued at $237.8 million.