“It's like punishing the inventor of the knife instead of the one who uses it,” wrote CryptoQuant’s CEO.
Crypto mixing services are not a crime, wrote Ki Young Ju, the founder and CEO of CryptoQuant, in response to the recent arrest of the Samourai Wallet founders.
On April 24, Cointelegraph reported that cryptocurrency wallet Samourai Wallet CEO Keonne Rodriguez and chief technology officer William Hill will each face one count of conspiracy to commit money laundering andThe arrest caused widespread concerns in the crypto community, as participants feared that it could signal another U.S. government attempt to crack down on the industry.
Others also perceived the enforcement action as a crackdown on financial privacy from the DOJ, including crypto analyst Ryan Adams, who stated in an April 24 X“These developers face up to 25 years in prison for writing code. The US is sending a message. No transaction will be private.”
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