Crypto Mixing Service Founders Arrested for $100M Laundering Scheme

• On April 25, 2024, Samourai co-founders Keonne Rodriguez and William Lonergan Hill were arrested for running an illegal money-transmitting service and aiding in money laundering.

• The cryptocurrency mixing service is accused of processing over $2 billion in illegal transactions and laundering more than $100 million for criminals.

• Samourai's features were specifically designed to help users conceal the origins of illegal proceeds.

• Arrests were made in both the United States and Portugal, with the U.S. Department of Justice confiscating the service's web servers and domain.

• The legal actions against Samourai's co-founders could establish a new precedent for the regulation and oversight of privacy-centric cryptocurrency services.