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Samourai Wallet CEO Sentenced to 5 Years for Unlicensed Money-Transmission Case

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Samourai Wallet CEO Keonne Rodriguez received a 5-year prison sentence, $250,000 fine, and 3 years of supervised release for an unlicensed money-transmission conspiracy. Rodriguez argued his privacy-focused Bitcoin wallet, including Whirlpool, did not qualify as a money transmitter. Prosecutors claimed the tool aided illicit activity, violating Anti-Money Laundering laws. The case could influence how regulators apply Countering the Financing of Terrorism rules to crypto privacy tools.
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