The post Samourai Wallet shutdown: Implications for other privacy and self-custody tools appeared on BitcoinEthereumNews.com.

The seizure of the Samourai Wallet website and the indictment of its founders might have implications for other privacy-preserving self-custodial tools. The closure of cryptocurrency mixer Samourai Wallet and the arrest of its co-founders have far-reaching implications for the sector. Cointelegraph Research unpacks the in-depth details of how Samourai Wallet worked, why United States authorities shut it down, and what this could mean for privacy and self-custodial cryptocurrency tools. Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill were arrested on April 24 and charged with money laundering and operating an unlicensed money-transmitting business. Rogriguez, the CEO of Samourai Wallet, pleaded not guilty and was subsequently released on a $1 million bond. Meanwhile, Hill, who served as the chief technology officer, is awaiting his extradition to the U.S. from Portugal, where he was apprehended. Read more Source: https://cointelegraph.com/news/samourai-wallet-shutdown-implications-for-other-privacy-self-custody-tools

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Filed under: News - @ June 15, 2024 6:14 pm