DOJ Action on Samourai Wallet, SEC Attorneys Resign
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 Published On Apr 26, 2024

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The U.S. Department of Justice (DOJ) has arrested Keonne Rodriguez and William Lonergan Hill, the founders of Samourai Wallet, a service known for its privacy-preserving features. The DOJ alleges that the service, which has executed over $2 billion in transactions, has laundered more than $100 million from illicit sources. Both individuals have been charged with conspiracy to commit money laundering and operating an unlicensed money transmitting business.

In another development, two attorneys from the SEC, Michael Welsh and Joseph Watkins, have resigned after a Utah district court judge sanctioned the SEC for “gross abuse of power” in its handling of the Debt Box case. The judge ordered the SEC to cover Debt Box’s legal fees, highlighting the severity of the agency’s procedural failures.

Lastly, Renzo Protocol’s liquid restaking token, ezETH, faced a drastic drop in value following a poorly received airdrop announcement. This led to a rushed sell-off as ezETH holders attempted to convert their tokens back to ETH amid the upcoming airdrop of $REZ, Renzo’s new governance token.

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