New Samourai Wallet indictment paints the developers as having built the privacy service for the sole purpose of serving criminals.The Southern District of New York (SDNY) has filed a superseding indictment against Samourai Wallet developers Keonne Rodriguez and William Hill.The indictment expands the charged timeline by two months from February 2024 to April 2024, adding $150 Million to the alleged criminal proceeds laundered, now totaling $250 Million.The new indictment additionally adds "drug trafficking" to the description of allegedly laundered funds, meaning that it may be reasonable to assume that the US Government has newly identified BTC allegedly obtained through the sale of illegal substances that passed through Samourai Wallet's service.The new indictment additionally removes all but one mention of "unlicensed" money transmission, including all references to 18 USC §1960(b)(1)(B) governing federal money service business licensing requirements, in line with Deputy Attorney General Todd Blanche's April memo.The new indictment yet continues to charge the developers under Count Two with conspiracy to operate an unlicensed money transmitting business, despite the fact that many other jurisdictions have been dropping cases based on the Blanche memo as well as regulatory uncertainty.
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0 sats \ 0 replies \ @jbschirtzinger 8h
If I go to a gas station, and I'm wearing a mask, and I pay with a 20, you don't need to know who I am in order to accept the 20. Same thing applies here.
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