They are officially being prosecuted for knowingly soliciting "illicit money" for their business right?
This is no different from a bank knowingly soliciting "illicit money". Maybe this case really is technology agnostic.
Banks and money changers have been successfully prosecuted for similar offenses in the past without discrediting the whole ecosystem.
Not trying to say the case has merit, just trying to follow their logic.
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Forget about the law, the state can interpret anything to its benefit.
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That’s absolutely true!
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I see your thinking here
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So you can go to jail for shitpost now? IMO the whole point of their online rhetoric was to highlight how their tech is oblivious to the source and destination of funds, as you know, a privacy service should be.
141 sats \ 1 reply \ @nout 29 Apr
It's horrible government power overreach that happened here.
The one thing that caught my eye is that they picked him at 6am. That would double suck for me, I would hate that with all my heart. I'm not a morning person...
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10 sats \ 0 replies \ @ek 30 Apr
I think that's common procedure
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Even SBF pleaded not guilty. What happened to him is history now.
But, I believe the case with Samurai wallet is different. The founders have had real good intentions with the wallet. I also believe that they weren't criminals like SBF. It will be interesting how law institution in the US deals with them.
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Of course they're not criminals, unlike SBF. How much money did customers lose using samourai?