“Privacy is at risk. The cryptocurrency sector is heavily dependent on the desire for privacy in digital transactions. This is a kind of inalienable right, which the regulatory authorities try to portray as a tool of organized crime. That’s why the developers of Samurai Wallet are currently under legal scrutiny in the United States, and one of them has just been sentenced to five years in prison […]”, — write: businessua.com.ua
Privacy is at risk. The cryptocurrency sector is heavily dependent on the desire for privacy in digital transactions. This is a kind of inalienable right, which the regulatory authorities try to portray as a tool of organized crime. That is why the developers of Samurai Wallet are now under legal consideration in the United States and one of them was just sentenced to five years in prison for protection “financial confidentiality”.
Key points of this article:
- The developer of Samurai Wallet has been sentenced to 5 years in prison for helping to launder $237 million through a bitcoin mixing service.
- This case raises a fundamental question about the legitimacy of financial privacy protection tools in the field of cryptocurrencies.
Wallet developers Samurai Wallet accused by the US justice system of creating a bitcoin mixing service which was used for washing 237 million dollars received from criminal activity. This claim should obviously be treated with a certain amount of skepticism, given its source.
In fact, it is a landmark case in the field of cryptocurrencies, as this lawsuit focuses primarily on legitimacy tools designed for privacy protection users of these digital currencies.
It is in this context that the developer Keonna Rodriguez just sentenced to 5 years of imprisonment by Judge Denise Cote of the Southern District of New York. This maximum punishment is justified “very serious antisocial criminal behavior.”
Developer of Samurai Wallet
Is protecting financial privacy ultimately a crime? This decision was made after the letter sent by Keonne Rodriguez to the court in which he tried to justify their motives in this case. He explained that he only wanted “protect financial privacy” users of their digital wallets.
Judge Denise Cote unequivocally accepted this explanation unacceptable stating that “that’s not what this was about.” It should be noted that the American justice system is trying to portray the developers of Samurai Wallet as active accomplices hackers, drug dealers and swindlers .
The developer, Keonn Rodriguez, will also have to pay a $250,000 fine and three years of probation. This decision does not bode well for his colleague William Lonergan Gill, who will be sentenced on November 19 .
Source: journalducoin.com
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