According to PANews, Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to money laundering charges on Monday and was released on $1 million bail. The next hearing will be held in Manhattan on May 14. Rodriguez faces two charges of conspiracy to launder money and conspiracy to operate an unlicensed money transfer business, which carries a maximum sentence of 25 years in prison. Rodriguez and another co-founder, William Lonergan Hill, were arrested last week, and authorities shut down the Samourai Wallet service. Prosecutors said Samourai Wallet was suspected of processing more than $2 billion worth of illegal funds between 2015 and 2024, including providing more than $100 million in money laundering transactions for darknet markets.
