A letter from the defense lawyer representing William Lonergan Hill, also known as TDev, revealed that his client plans to contest the charges.
William Lonergan Hill, who was arrested in April along with fellow Samourai Wallet co-founder Keonne Rodriguez on federal charges of money laundering and operating an unlicensed money transmitting business, has been granted bail by the U.S. government, though the specific terms are still undecided.
Rodriguez has already pleaded not guilty to the two charges and was released on a $1 million bond, while Hill's "extraordinarily robust bail package," according to the letter, consists of at least $3 million in assets. Were the court to agree to release Hill to Portugal, that package would increase to about $4.4 million supported by pledges from his wife and family members, who "...
In one interesting argument, Hill's lawyer points out that Samourai Wallet was available on Google's App Store from its launch in May 2015 to April 2024, at which point Google delisted the app following the arrest of the two co-founders. If Samourai Wallet was intended as a money-laundering service, the defense argues, the government's own logic would make Google an unindicted co-conspirator for offering the app to the world's nearly 4 billion Android users.
Security Doj Fincen Mixers Samourai-Wallet Sdny
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breez Brings Bitcoin’s Lightning Network To Every Crypto WalletPartnership with Cake Wallet to integrate Lightning payments into their popular crypto wallet
Read more »
Municipal court employee arrested, accused of stealing woman’s wallet from shopping cartA San Antonio municipal court employee was arrested Monday after police officers investigating a hit-and-run crash he reported found the man was wanted on an outstanding theft warrant.
Read more »
Travis Kelce talks meeting royal family at Taylor Swift concert: 'Absolute delight'Kelce met Prince William and two of William's kids at Swift's London concert.
Read more »
These new Illinois laws going into effect July 1 could impact your walletFrom paying more at the pump to minimum wage going up, here are a few new laws going into effect July 1 in Illinois
Read more »
Hybrid SMPC Technology – the Cutting Edge in Crypto Wallet SecurityManaging crypto finances presents a continuous struggle in finding the right balance between security and convenience.
Read more »
Swiss fintech teams up with Web3 wallet to offer NFT-powered digital bankingDecentralized identity systems hold the key to the future of digital banking, and this partnership brings Web3 tech to real-world use
Read more »