The post Samourai Wallet Developer Bill Hill Sentenced to 4 Years in Prison appeared on BitcoinEthereumNews.com. NEW YORK — William “Bill” Hill, 67, one of the co-founders of Bitcoin mixer Samourai Wallet, was sentenced to four years in prison on Wednesday for his role in creating the privacy tool prosecutors say was used to launder at least $237 million in criminal proceeds. District Judge Denise Cote of the Southern District of New York (SDNY), who recently sentenced Hill’s fellow Samourai Wallet developer Keonne Rodriguez to the statutory maximum of five years in prison for the same crime — conspiracy to operate an unlicensed money transmitting business, which both men pleaded guilty to in July — said she was “varying” Hill’s sentence due to several mitigating factors, including Hill’s recent autism diagnosis and his advanced age. “I accept that it will be a more difficult time for the defendant to be in prison than many other people,” Cote said. “I would be imposing a sentence of 60 months otherwise.” Hill’s lawyer, Roger Burlingame of Dechert LLP, spent a considerable portion of Wednesday’s hearing detailing how Hill’s autism was the explanation — or, as Burlingame put it, “the key that unlocks the riddle” — for Hill’s conduct. Bitcoin, Burlingame said, was “like catnip” to a black-and-white thinker like Hill, who was attracted to the “idealism and absolutism” of blockchain technology, the “noble purpose…of fending off an encroaching government, an Orwellian dystopia,” and a built-in community of fellow bitcoin enthusiasts — something he said Hill “never had before in his entire life.” Hill’s lawyer also said that his autism explained why he thought what he was doing with Samourai Wallet was legal. Because the Financial Crimes Enforcement Network (FinCEN) did not require non-custodial wallets to register as money transmitting businesses, Burlingame said Hill acted as if he had a “forcefield” around his actions, adding that Hill had come to see this as a “pathetically naive… The post Samourai Wallet Developer Bill Hill Sentenced to 4 Years in Prison appeared on BitcoinEthereumNews.com. NEW YORK — William “Bill” Hill, 67, one of the co-founders of Bitcoin mixer Samourai Wallet, was sentenced to four years in prison on Wednesday for his role in creating the privacy tool prosecutors say was used to launder at least $237 million in criminal proceeds. District Judge Denise Cote of the Southern District of New York (SDNY), who recently sentenced Hill’s fellow Samourai Wallet developer Keonne Rodriguez to the statutory maximum of five years in prison for the same crime — conspiracy to operate an unlicensed money transmitting business, which both men pleaded guilty to in July — said she was “varying” Hill’s sentence due to several mitigating factors, including Hill’s recent autism diagnosis and his advanced age. “I accept that it will be a more difficult time for the defendant to be in prison than many other people,” Cote said. “I would be imposing a sentence of 60 months otherwise.” Hill’s lawyer, Roger Burlingame of Dechert LLP, spent a considerable portion of Wednesday’s hearing detailing how Hill’s autism was the explanation — or, as Burlingame put it, “the key that unlocks the riddle” — for Hill’s conduct. Bitcoin, Burlingame said, was “like catnip” to a black-and-white thinker like Hill, who was attracted to the “idealism and absolutism” of blockchain technology, the “noble purpose…of fending off an encroaching government, an Orwellian dystopia,” and a built-in community of fellow bitcoin enthusiasts — something he said Hill “never had before in his entire life.” Hill’s lawyer also said that his autism explained why he thought what he was doing with Samourai Wallet was legal. Because the Financial Crimes Enforcement Network (FinCEN) did not require non-custodial wallets to register as money transmitting businesses, Burlingame said Hill acted as if he had a “forcefield” around his actions, adding that Hill had come to see this as a “pathetically naive…

Samourai Wallet Developer Bill Hill Sentenced to 4 Years in Prison

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

NEW YORK — William “Bill” Hill, 67, one of the co-founders of Bitcoin mixer Samourai Wallet, was sentenced to four years in prison on Wednesday for his role in creating the privacy tool prosecutors say was used to launder at least $237 million in criminal proceeds.

District Judge Denise Cote of the Southern District of New York (SDNY), who recently sentenced Hill’s fellow Samourai Wallet developer Keonne Rodriguez to the statutory maximum of five years in prison for the same crime — conspiracy to operate an unlicensed money transmitting business, which both men pleaded guilty to in July — said she was “varying” Hill’s sentence due to several mitigating factors, including Hill’s recent autism diagnosis and his advanced age.

“I accept that it will be a more difficult time for the defendant to be in prison than many other people,” Cote said. “I would be imposing a sentence of 60 months otherwise.”

Hill’s lawyer, Roger Burlingame of Dechert LLP, spent a considerable portion of Wednesday’s hearing detailing how Hill’s autism was the explanation — or, as Burlingame put it, “the key that unlocks the riddle” — for Hill’s conduct.

Bitcoin, Burlingame said, was “like catnip” to a black-and-white thinker like Hill, who was attracted to the “idealism and absolutism” of blockchain technology, the “noble purpose…of fending off an encroaching government, an Orwellian dystopia,” and a built-in community of fellow bitcoin enthusiasts — something he said Hill “never had before in his entire life.”

Hill’s lawyer also said that his autism explained why he thought what he was doing with Samourai Wallet was legal. Because the Financial Crimes Enforcement Network (FinCEN) did not require non-custodial wallets to register as money transmitting businesses, Burlingame said Hill acted as if he had a “forcefield” around his actions, adding that Hill had come to see this as a “pathetically naive view…a magical-thinking, autistic view of the world.”

Burlingame asked that Hill be sentenced to time served, adding that his three-month stint in a Portuguese prison last year was punishment enough to deter him from ever breaking the law again.

“Jail is extraordinarily hard for him given his extreme sensitivity,” Burlingame said, adding that the forced socialization of being in prison is “torture” to Hill.

As Burlingame spoke, Cote interjected several times to ask whether Hill understood that what he had done was morally wrong, not just illegal.

“There’s a way of arguing that no law was violated — that’s just not true,” Cote said. “I reject entirely that the defendant doesn’t know the difference between right and wrong, or that his autism prevented him from living a moral life.”

When it was Hill’s turn to address the judge, he was visibly emotional as he spoke about the negative impact his prosecution had had on his wife, Sabrina, and his extended family.

“I told myself that my work was about [freedom] but in truth, I was rationalizing my own hubris,” Hill said. “I have learned a painful but essential lesson from this experience and I take full responsibility for my actions.”

In addition to the sentence of 48 months in prison, Cote sentenced Hill to a period of three years’ supervised release, which he will be allowed to serve from Lisbon, where he lives with his wife, plus a fine of $250,000. Cote said that she will recommend that Hill receive credit for the time he served in Portugal before he was extradited to the United States, potentially shaving 11 weeks off his remaining sentence.

Hill must self-surrender to begin his sentence by Jan. 2, 2026.

Source: https://www.coindesk.com/policy/2025/11/19/samourai-wallet-co-founder-bill-hill-sentenced-to-4-years-in-prison-for-unlicensed-money-transmitting

Market Opportunity
Ambire Wallet Logo
Ambire Wallet Price(WALLET)
$0.01022
$0.01022$0.01022
+0.88%
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

FCA, crackdown on crypto

FCA, crackdown on crypto

The post FCA, crackdown on crypto appeared on BitcoinEthereumNews.com. The regulation of cryptocurrencies in the United Kingdom enters a decisive phase. The Financial Conduct Authority (FCA) has initiated a consultation to set minimum standards on transparency, consumer protection, and digital custody, in order to strengthen market confidence and ensure safer operations for exchanges, wallets, and crypto service providers. The consultation was published on May 2, 2025, and opened a public discussion on operational responsibilities and safeguarding requirements for digital assets (CoinDesk). The goal is to make the rules clearer without hindering the sector’s evolution. According to the data collected by our regulatory monitoring team, in the first weeks following the publication, the feedback received from professionals and operators focused mainly on custody, incident reporting, and insurance requirements. Industry analysts note that many responses require technical clarifications on multi-sig, asset segregation, and recovery protocols, as well as proposals to scale obligations based on the size of the operator. FCA Consultation: What’s on the Table The consultation document clarifies how to apply rules inspired by traditional finance to the crypto perimeter, balancing innovation, market integrity, and user protection. In this context, the goal is to introduce minimum standards for all firms under the supervision of the FCA, an essential step for a more transparent and secure sector, with measurable benefits for users. The proposed pillars Obligations towards consumers: assessment on the extension of the Consumer Duty – a requirement that mandates companies to provide “good outcomes” – to crypto services, with outcomes for users that are traceable and verifiable. Operational resilience: introduction of continuity requirements, incident response plans, and periodic testing to ensure the operational stability of platforms even in adverse scenarios. Financial Crime Prevention: strengthening AML/CFT measures through more stringent transaction monitoring and structured counterpart checks. Custody and safeguarding: definition of operational methods for the segregation of client assets, secure…
Share
BitcoinEthereumNews2025/09/18 05:40
From Under $0.0025 to $0.25 Over the Next 10 Weeks? Little Pepe (LILPEPE) Named Best Crypto to Buy in 2025 Over Ripple (XRP)

From Under $0.0025 to $0.25 Over the Next 10 Weeks? Little Pepe (LILPEPE) Named Best Crypto to Buy in 2025 Over Ripple (XRP)

The post From Under $0.0025 to $0.25 Over the Next 10 Weeks? Little Pepe (LILPEPE) Named Best Crypto to Buy in 2025 Over Ripple (XRP) appeared on BitcoinEthereumNews.com. The cryptocurrency sector is dynamic and vital for major and minor players alike. With every boom, new categories of tokens are introduced that make new market predictions based on new sets of metrics.  Many believe that, apart from having an appreciated use case that makes it easily attain adoption, Ripple (XRP) has already established itself as a vital part of the blockchain system. But as it turns out, a new competitor, Little Pepe (LILPEPE), has generated significant buzz. Little Pepe is projected to appreciate to 100x its current price of 0.0021, reach 0.25 in 2025, and is considered a top pick for 2025. Ripple (XRP): Dependable but Predictable Ripple has dominated cross-border payment technology for many years. Priced at around $2.98, Ripple remains well supported by partnerships with industry leaders and its increasing contribution to payment processing.  Analysts predict XRP to be at the $7 to $10 range by 2026 and the recent favorable legal rulings Ripple has received in the United States has heightened optimism surrounding the token. For conservative investors, XRP represents stability in an otherwise volatile sector. However, its large market capitalization makes 50x or 100x gains virtually impossible within one cycle. Ripple is a strong asset in the utility sense, but lacks the utility that smaller tokens can bring. Little Pepe (LILPEPE): Presale Energy With a Twist Little Pepe is capturing the attention of investors with its outstanding presale performance. Currently, the presale is in Stage 12, and each stage sells out faster and faster. presale is at $0.0021.  Each stage is selling out faster and faster. Analysts speculate the token could rise to $0.25 within 10 weeks after listing. Such a rise would be one of recent memory’s most remarkable early runs. What makes Little Pepe different is its dual identity. On the surface, it…
Share
BitcoinEthereumNews2025/09/18 15:34
South Korea’s Crypto Crackdown: Tax Agency to Secure Seized Digital Assets with Private Custodian

South Korea’s Crypto Crackdown: Tax Agency to Secure Seized Digital Assets with Private Custodian

BitcoinWorld South Korea’s Crypto Crackdown: Tax Agency to Secure Seized Digital Assets with Private Custodian SEOUL, South Korea – The National Tax Service (NTS
Share
bitcoinworld2026/03/20 16:20