William Lonergan Hill and Keonne Rodriguez, creators of the Bitcoin mixer Samourai Wallet, changed their pleas to guilty for running an unlicensed money transmitting business, which could result in a five-year prison sentence.
The U.S. Department of Justice dropped a more severe money laundering charge in exchange for the guilty plea. Samourai Wallet was known for allowing users to hide their digital transactions, raising concerns regarding privacy-enhancing services in cryptocurrency.
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