Cryptomixer founders pled guilty to laundering money for cybercriminals

Cryptomixer founders pled guilty to laundering money for cybercriminals

The founders of the Samourai Wallet have pleaded guilty to laundering over $200 million for criminals through their cryptocurrency mixing services. This operation involved disclosing illegal activities such as promoting untraceable Bitcoin transactions and serving dark web clients. #SamouraiWallet #BitcoinMixing

Keypoints

  • Samourai Wallet founders admitted to laundering hundreds of millions in illicit funds.
  • The operation involved operating an unlicensed money-transmitting business and money laundering conspiracy.
  • Law enforcement seized domains, servers, and removed the mobile app from the Play Store.
  • Criminals used the Whirlpool and Ricochet services to mask illegal Bitcoin transactions exceeding $2 billion.
  • The founders earned over $6 million in fees from facilitating criminal activities through their services.

Read More: https://www.bleepingcomputer.com/news/security/samourai-cryptomixer-founders-pled-guilty-to-laundering-money-for-cybercriminals/