Samourai Wallet Co-Founder Bill Hill Sentenced to 4 Years in Prison for Unlicensed Money Transmitting

Samourai Wallet Co-Founder Bill Hill Sentenced to 4 Years in Prison for Unlicensed Money Transmitting

Source: CoinDesk

Published:2025-11-19 22:53

BTC Price:$90480

#Bitcoin #Regulation #Privacy

Analysis

Price Impact

Med

The sentencing of a co-founder of a prominent bitcoin mixing service reinforces the regulatory stance against privacy-enhancing tools in the crypto space. this could lead to increased scrutiny on similar services and affect the broader sentiment around transaction privacy.

Trustworthiness

High

The article reports on a confirmed legal proceeding and sentencing from a reputable crypto news source, coindesk.

Price Direction

Bearish

The continued legal crackdown on bitcoin mixers like samourai wallet signals a tightening regulatory environment, particularly concerning anonymity and anti-money laundering efforts. this could create fud (fear, uncertainty, and doubt) in the market regarding privacy-focused projects and potentially bitcoin's fungibility narrative, leading to cautious investor behavior.

Time Effect

Long

Legal precedents set by such high-profile cases have a long-term impact on regulatory frameworks, industry compliance, and the development and adoption of privacy-enhancing technologies within the crypto ecosystem.

Original Article:

Article Content:

Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Samourai Wallet Co-Founder Bill Hill Sentenced to 4 Years in Prison for Unlicensed Money Transmitting The 67-year-old Hill’s recent autism diagnosis, as well as his advanced age, seemed to serve as a mitigating factor for the sentencing judge. By Cheyenne Ligon | Edited by Nikhilesh De Nov 19, 2025, 10:53 p.m. What to know : William "Bill" Hill, co-founder of Samourai Wallet, was sentenced to four years in prison for his role creating the bitcoin mixing tool Judge Denise Cote cited Hill's autism diagnosis and age as mitigating factors in reducing his sentence from the statutory maximum of 60 months. 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. STORY CONTINUES BELOW Don't miss another story. Subscribe to the State of Crypto Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . 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. More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Trump's Pick to Run CFTC, Selig, Tells Senators Crypto a 'Critical Mission' at Agency By Jesse Hamilton | Edited by Nikhilesh De 1 hour ago Mike Selig, the nominee to be the next chairman of the Commodity Futures Trading Commission, testified at his confirmation hearing in the Senate. What to know : Mike Selig faced a confirmation hearing at the Senate Agriculture Committee to weigh his fitness as President Donald Trump's nominee to take over the Commodity Futures Trading Commission. Digital assets were a frequent topic of the hearing, and Selig assured the lawmakers that crypto would be a major priority of his work. Selig suggest a need to let software developers thrive — a potential point of contention with those who argue that the developers may be responsible for creating software that encourages illicit activity. 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