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The developers behind Samourai Wallet have pleaded guilty to operating an unlicensed money-transmitting business, avoiding more severe charges. The plea deal includes a $237 million forfeiture and a potential five-year prison sentence. Sentencing is scheduled for November 6.
- Samourai Wallet founders face up to five years in prison and $237M in forfeiture under the plea deal.
- The DOJ dropped money laundering charges, but prosecutors argued knowledge of illicit use was sufficient for conviction.
- The case raises legal questions about applying money transmission laws to non-custodial crypto software.
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Related Tags: Bitcoin
Other Tags: Bitcoin Policy Institute, DeFi, DeFi Education Fund, DOJ, Europol, FBI, IRS, Samourai Wallet, US Department of Justice (DOJ)