Samourai Wallet Founders Admit to $BTC $100M Money Laundering

The founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, have pleaded guilty to laundering over $100 million using privacy tools Whirlpool and Ricochet. They now face up to 25 years in prison.

Prosecutors allege the wallet processed $2 billion linked to illegal markets like Silk Road. Internal communications suggest the founders were aware of its use for criminal activities.

The case also questions whether open-source crypto developers should be held accountable for how their software is misused, setting a potential precedent for future regulations.

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