Tag: Samourai cryptomixer

US charges Samourai cryptomixer founders for laundering $100 million
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US charges Samourai cryptomixer founders for laundering $100 million

The U.S. Department of Justice has charged Keonne Rodriguez and William Lonergan Hill with laundering over $100 million from different criminal businesses via their nearly ten-year-long bitcoin mixer service, Samourai. Criminals processed approximately $2 billion in illicit funds using Samourai's Whirlpool crypto mixer between 2015 and February 2024, according to information contained in a superseding indictment. Apart from providing services for mixing bitcoin, Samourai also provided a service known as "Ricochet," which enabled users to transfer cryptocurrency by executing extraneous and extra transactions in order to evade law enforcement and cryptocurrency exchanges' attempts to trace cash obtained from illicit activities. The two founders are said to have received fees totali...