Bitcoin Privacy Tool Developers Face Consequences: Samourai Co-founders Sentenced for Money Laundering

Samourai Wallet co-founders have been sentenced to five years in prison for operating an unlicensed money transmitting business, highlighting the legal risks faced by developers of cryptocurrency privacy tools. The U.S. Department of Justice confirmed that Keonne Rodrigues and William Lonergan Hill facilitated over $237 million in illegal transactions through their coin-mixing service.