Court Rejects Bail Modification Request for Samourai Wallet Founder

According to Odaily, the Southern District Court of New York has denied the request from Keonne Rodriguez, founder of Samourai Wallet, to modify his bail conditions. The prosecution presented handwritten notes by Rodriguez, which they claimed detailed plans for fleeing, including travel arrangements and emergency supplies. Rodriguez's lawyer argued that these notes were merely general emergency plans, but the prosecution maintained that they indicated a concrete escape strategy. Earlier this year, in April, Rodriguez and co-founder William Lonergan Hill were arrested for operating an unregistered money transmission business. The charges involve $2 billion in illegal transactions and $100 million in money laundering activities. The founders' legal team referenced a letter from two senators in May, accusing the Department of Justice of overinterpreting non-custodial crypto asset software services.