CEO Keonne Rodriguez and CTO William Lonergan of Samourai Wallet were arrested by the US Department of Justice (DoJ) on Wednesday and charged with $100 million in money laundering on a count and illegal money transmitting on another count.
The founders of Samourai Wallet were arrested and charged with $100 million in money laundering. Allegations against Samourai's wallet sound a huge warning to other privacy protocols. Privacy tokens could suffer a huge crash due to increased legal actions by the US government.
The likes of Monero, Blockbend, and Railgun may need to be on the lookout for the government, as the threat of getting locked up is growing stronger. It's interesting to note that Samourai's predicament occurred on the same day the European Parliament voted to adopt new laws enhancing due diligence measures and checks on customers' identity.
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