This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The founders of Bitcoin mixer Samourai Wallet have pleaded guilty to operating an unlicensed money transmitter, facing up to five years in prison. The U.S. Department of Justice dropped more severe money laundering charges in exchange for their plea.
- Samourai Wallet founders face up to five years in prison after pleading guilty to unlicensed money transmission charges.
- The DOJ dropped a separate money laundering charge that could have resulted in a 20-year sentence.
- Critics argue the case misinterprets money transmission laws, impacting privacy-focused crypto developers.
📎 Related coverage from: decrypt.co