A U.S. official denied reports that the bitcoin forfeited by Samourai Wallet developers was sold and said it will remain on the government’s balance sheet in compliance with President Trump’s executive order.
Syndicated from The Rage: In his second letter from prison, Samourai Wallet developer Keonne Rodriguez breaks down how a lack of access drives the need for alternative markets to develop.
Syndicated from The Rage: "Turning yourself in to be incarcerated tugs against every fundamentally primal instinct we have as human beings," writes Samourai Wallet developer Keonne Rodriguez as he recounts his first night in prison.
On November 3, 2025, it seems that the U.S. Marshall Service, at the direction of the Department of Justice, used Coinbase Prime to liquidate the bitcoin that the Samourai developers forfeited as part of their plea deal, likely violating President Trump’s mandate to keep such bitcoin in the United States Strategy Bitcoin Reserve.
Samourai Wallet co-founder William Hill was sentenced to four years in prison for running a crypto mixing service that laundered over $237 million in illicit funds.
Keonne Rodriguez, CEO of Samourai Wallet, was sentenced Thursday to five years in prison for operating a cryptocurrency mixing service that prosecutors say laundered $237 million in illicit funds.
Trump has been far from a ”bitcoin-friendly” president. While the SEC has dropped some of its most aggressive cases, it’s still legally risky to build noncustodial and privacy-enhancing tech in America. You may build services here in the “crypto capital of the world,” but you might only see that world from the inside of a prison cell.
PREDICT BITCOIN