tldr; The founders of the Samourai Wallet cryptocurrency mixing service, Keonne Rodriguez and William Lonergan Hill, were sentenced to prison for laundering over $237 million. Rodriguez received a five-year sentence, while Hill got four years. Both were fined $250,000 and ordered to forfeit $237 million in criminal proceeds. Samourai’s app facilitated illicit transactions using features like ‚Whirlpool‘ and ‚Ricochet,‘ which obscured Bitcoin transactions. The service processed over $2 billion in illegal funds, earning the founders $4.5 million in fees.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
TonberryHS on
1. Get $4,500,000 in fees.
2. Pay $250,000 (x2) in fines.
3. Go to prison for 4 years.
4. Come out of prison with $4,000,000 remaining.
Earn $1,000,000 a year for 4 years not having to work. Got it.
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tldr; The founders of the Samourai Wallet cryptocurrency mixing service, Keonne Rodriguez and William Lonergan Hill, were sentenced to prison for laundering over $237 million. Rodriguez received a five-year sentence, while Hill got four years. Both were fined $250,000 and ordered to forfeit $237 million in criminal proceeds. Samourai’s app facilitated illicit transactions using features like ‚Whirlpool‘ and ‚Ricochet,‘ which obscured Bitcoin transactions. The service processed over $2 billion in illegal funds, earning the founders $4.5 million in fees.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
1. Get $4,500,000 in fees.
2. Pay $250,000 (x2) in fines.
3. Go to prison for 4 years.
4. Come out of prison with $4,000,000 remaining.
Earn $1,000,000 a year for 4 years not having to work. Got it.