U.S. Government to Grant TDev Bail, Terms Not Yet

Agreed UponAccording to a recent court filing,

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William Lonergan Hill, one of the two founders of Samourai Wallet, has been granted bail by the U.S. government. Hill and the co-accused, Keonne Rodriguez, were arrested in April. The two founders were charged with operating an unlicensed money-transmitting business and money laundering. Also read: Miner ‘capitulation’ in the Bitcoin network nears FTX implosion levels, CryptoQuant According to the court letter, the U.S. government has agreed to grant bail to Samourai Wallet founder, William Lonergan Hill. The U.S. government had previously denied Hill, also known as TDev, bail upon the defense’s request to release the accused to his Portugal home. Parties revealed they had not yet agreed on the specific terms despite agreeing on his release.U.S. government to release Samourai co-founder on bail William Lonergan Hill (TDev) and Keonne Rodriguez were arrested earlier this year for operating Samourai wallet. The wallet was revealed to be unlicensed and had transacted over $2 billion in unlawful transactions. The wallet had also executed more than $100 Million in criminal proceeds.Rodriguez and TDev allegedly knew about the illegal transactions of over $100 million from the Silk Road Hydra Market.Keonne Rodriguez and William Lonergan Hill Are Charged with Operating Samourai Wallet, an Unlicensed Money Transmitting Business That Executed Over $2 Billion in Unlawful Transactions and Laundered Over $100 Million in Criminal Proceeds.