In a landmark case highlighting the ongoing battle against cryptocurrency-related crime, two executives from the mixing service Samourai have been found guilty of significant money laundering activities. According to the experts cited in the publication, the conviction underscores the legal risks associated with operating in the crypto space, particularly for services that obscure the origins of funds.
Conviction of Samourai Executives
On November 19, 2025, Keonne Rodriguez, the CEO of Samourai, and William Lonergan Hill, the company's CTO, were convicted for their roles in a cryptocurrency mixing service that laundered over $237 million in illicit proceeds.
Criminal Activities Supported by the Service
The Department of Justice emphasized that their operations not only facilitated money laundering but also supported a range of criminal activities, including:
- drug trafficking
- fraud
Legal Repercussions in the Cryptocurrency Sector
The case serves as a stark reminder of the legal repercussions that can arise from engaging in money laundering within the cryptocurrency sector. Authorities are increasingly focused on enforcing regulations and holding accountable those who exploit digital currencies for illegal purposes.
Message to the Industry
This conviction sends a clear message to the industry about the importance of compliance and the potential consequences of failing to adhere to the law.
The recent conviction of Samourai executives highlights the ongoing scrutiny in the cryptocurrency sector, coinciding with the SEC's dismissal of numerous cases under the Trump administration. For more details, see more.
