The seizure of the Samourai Wallet website and the indictment of its founders might have implications for other privacy-preserving self-custodial tools.
The closure of cryptocurrency mixer Samourai Wallet and the arrest of its co-founders have far-reaching implications for the sector. Cointelegraph Research unpacks the in-depth details of how Samourai Wallet worked, why United States authorities shut it down, and what this could mean for privacy and self-custodial cryptocurrency tools.
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill were arrested on April 24 and charged with money laundering and operating an unlicensed money-transmitting business.
Rogriguez, the CEO of Samourai Wallet, pleaded not guilty and was subsequently released on a $1 million bond. Meanwhile, Hill, who served as the chief technology officer, is awaiting his extradition to the U.S. from Portugal, where he was apprehended.
