• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Samurai Wallet Developer Keonne Rodriguez Receives Maximum Sentence For Crypto Crime

November 7, 2025
in Crypto News
Reading Time: 2min read
0 0
A A
0
Samurai Wallet Developer Keonne Rodriguez Receives Maximum Sentence For Crypto Crime
0
SHARES
5
VIEWS
ShareShareShareShareShare

Samourai Wallet developer Keonne Rodriguez received the maximum sentence of 5 years in prison for his role in the digital asset scheme on Thursday.

Keonne Rodriguez Receives Five-Year Sentence

According to Inner City Press reporter Matthew Russell Lee, Southern District of New York Judge Denise Cote slapped Rodriguez with 60 months in federal prison followed by three years of supervised release.

Rodriguez: I am sorry and will never break the law again.
Judge Cote: The letter indicated you were functioning with moral blinders on. You may be kind to strangers – but if they are victimized, you chose to use your considerable talent to make it hard to recoup

— Inner City Press (@innercitypress) November 6, 2025

Per Inner City Press, the Bitcoin wallet developer has also been ordered to pay $250,000, equivalent to 20% of his gross monthly income.

Rodriguez will be allowed to stay out on bail until his prison surrender date on December 19.

“I am sorry and will never break the law again,” the media outlet quotes Rodriguez as saying.

Samourai Wallet Developers Face The Music

News of Rodriguez’s sentencing comes just months after he and fellow Samourai Wallet developer William Lonergan Hill pleaded guilty to one count of conspiracy to operate a money transmitting business.

Federal prosecutors alleged that the crypto app developers effectively transmitted crime proceeds from phishing schemes and dark web markets in order to defraud several DeFi protocols, per an August 2025 press release from the U.S. Attorney’s Office.

In total, Hill and Lonergan pled guilty to launching the Bitcoin wallet, which the U.S. government says washed more than $200 million in illicit transactions.

The Bitcoin wallet developers ultimately agreed to forfeit over a whopping $237 million as part of their guilty plea.

“Keonne Rodriguez and William Hill’s guilty pleas prove their cryptocurrency mixing service–Samourai Wallet–was designed to conceal criminal financial transactions and launder millions of dollars of dirty money,” said FBI Assistant Director in Charge Christopher G. Raia.

“The FBI is committed to bringing to justice anyone who uses technological innovation to facilitate illicit activity,” he added.

The post Samurai Wallet Developer Keonne Rodriguez Receives Maximum Sentence For Crypto Crime appeared first on Cryptonews.


Credit: Source link

ShareTweetSendPinShare
Previous Post

AI vs AI: How New Technologies Are Combating Sophisticated Crypto Scams

Next Post

Crypto Bill Held Hostage by 38-Day Government Shutdown as Senate Prepares Critical Vote

Next Post
Bitcoin Price Prediction: Florida’s Crypto Bill and $198B U.S. Surplus Boost Market Outlook

Crypto Bill Held Hostage by 38-Day Government Shutdown as Senate Prepares Critical Vote

You might also like

Crypto Price Prediction Today 12 March – XRP, Bitcoin, Ethereum

Crypto Price Prediction Today 12 March – XRP, Bitcoin, Ethereum

March 12, 2026
Ripple Buyback Program Values Company at $50 Billion

Ripple Buyback Program Values Company at $50 Billion

March 12, 2026
Bitcoin Stockpiles On Exchanges Hit Lowest Point Since 2019

Bitcoin Stockpiles On Exchanges Hit Lowest Point Since 2019

March 13, 2026
Bitcoin Liquidity Battles Heat Up As Demand Shows First Positive Print

Expert Trader Shows ‘Simple Math’ To Calculate The Bitcoin Price Bottom

March 9, 2026
Ethereum Price Defends $2,000 Support as RSI Hits Near-Oversold Levels

Ethereum Price Defends $2,000 Support as RSI Hits Near-Oversold Levels

March 10, 2026
Binance WSJ Lawsuit: The Crypto Exchange Sues Wall Street Journal Over ‘Defamatory’ Iran Sanctions Report

Binance WSJ Lawsuit: The Crypto Exchange Sues Wall Street Journal Over ‘Defamatory’ Iran Sanctions Report

March 11, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Vitalik Buterin Proposes Simplifying Ethereum Nodes to Boost Decentralisation

Vitalik Buterin Proposes Simplifying Ethereum Nodes to Boost Decentralisation

March 16, 2026
Dogecoin (DOGE) Strength Builds as Traders Anticipate Breakout

Dogecoin (DOGE) Strength Builds as Traders Anticipate Breakout

March 16, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.