Reported by Crystal Kim, author of Axios Crypto

Federal prosecutors on Wednesday charged the founders of a crypto-mixing service called Samourai Wallet with conspiracy to commit money laundering and operating an unlicensed money transmitter business.

Samourai Wallet is a Bitcoin wallet that promised to “keep your transactions private and your identity masked.”

Samourai allegedly executed over $2 billion in unlawful transactions and laundered more than $100 million via illegal dark web markets, according to the Department of Justice’s press release.

Read full report: https://www.axios.com/2024/04/24/samourai-wallet-arrested-crypto-mixing

Read copy of indictment: https://www.documentcloud.org/documents/24604238-us_v_rodriguez_and_hill_indictment