Samourai Wallet seized by the feds - page 8.

BitMaxz

legendary

Activity: 3248

Merit: 2971

Block halving is coming.

Quote from: Charles-Tim on April 24, 2024, 04:12:48 PM

If there is conjoin campaigs on this forum, theymos could have been planning to ban the conjoin campaigns. But not necessary because there is no conjoin campaign on this forum anymore.

It is possible that Sparrow will be the next target.

It could possibly be the next target to be seized by the government and other wallets with the same feature.
The only wallets that I know with the same feature that are currently not being seized by the government are Sparrow and Wasabi.

It seems the government wants to seize all services that have this feature and no more privacy.

Z-tight

hero member

Activity: 854

Merit: 1031

Only BTC

Quote from: Charles-Tim on April 24, 2024, 04:30:09 PM

But they were greedy to clamp down Binance which was alleged for money laundering, bank fraud, sanctions violation and others. Binance paid 4 billion and still existing.

Binance pleaded guilty to all of the charges that was filed against them, the same as their former ceo CZ who also pleaded guilty. So i reckon that in their own case they knew they were doing so many things wrong.

Quote from: BlackHatCoiner on April 24, 2024, 03:57:19 PM

R.I.P. Samourai.

Too bad that another privacy solution has been brought down, the U.S. government want to make it very difficult for people to use Bitcoin without exposing data that they can be tracked with. It is sad, but the fight for privacy is looking like a fight that we cannot win.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: Upgrade00 on April 24, 2024, 04:19:26 PM

Quote

"IRS-CI Special Agent in Charge Thomas Fattorusso said: “$2 billion in transactions with an unlicensed money transmitter means $2 billion flowed without any oversight, from whomever to wherever. Because of the company’s disregard for regulation, it’s alleged that Samourai Wallet laundered more than $100 million in criminal proceeds"

Transactions are not unlawful cause you cannot trace the flow of the transaction. The $2 bliiion seems to have just been thrown in there for shock value, giving them a justification to clamp down on the service.

But they were greedy to clamp down Binance which was alleged for money laundering, bank fraud, sanctions violation and others. Binance paid 4 billion and still existing. Most money received through illegal activities are in their banks that their central bank being the head.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: alani123 on April 24, 2024, 04:05:44 PM

I guess the chance is now 100% Grin

Now that it's been seized by the authorities, I think we can all agree it was never a US honeypot.

Quote from: Charles-Tim on April 24, 2024, 04:12:48 PM

It is possible that Sparrow will be the next target.

The answer to this question depends on the roadmap of Sparrow. Will they write code that decentralizes Whirlpool, or will they completely remove it as an option? We'll see.

Quote from: apogio on April 24, 2024, 04:16:55 PM

So my question is, since the feds control the website, is there a way to control the software that has already been downloaded to users' computers? I guess not.

No, but users who weren't running their own full node but using Samourai as wallet, will probably have to migrate to another wallet software, because Samourai servers are down.

I'm now getting this message in Sparrow:

Upgrade00

legendary

Activity: 2030

Merit: 2174

Professional Community manager

Quote

"IRS-CI Special Agent in Charge Thomas Fattorusso said: “$2 billion in transactions with an unlicensed money transmitter means $2 billion flowed without any oversight, from whomever to wherever. Because of the company’s disregard for regulation, it’s alleged that Samourai Wallet laundered more than $100 million in criminal proceeds"

Transactions are not unlawful cause you cannot trace the flow of the transaction. The $2 bliiion seems to have just been thrown in there for shock value, giving them a justification to clamp down on the service.

Cash pretty much allows anyone to transact without regulation or oversight, and way more than $100 million have been used in criminal transactions using it.

apogio

sr. member

Activity: 406

Merit: 896

So my question is, since the feds control the website, is there a way to control the software that has already been downloaded to users' computers? I guess not.

So, I reckon that the whirlpool servers will go down. I also believe that there will be no more support for the products (samourai & sentinel).

Is there anything else I am missing?

Quote from: Charles-Tim on April 24, 2024, 04:12:48 PM

It is possible that Sparrow will be the next target.

Ouch! That would hurt.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

If there is conjoin campaigs on this forum, theymos could have been planning to ban the conjoin campaigns. But not necessary because there is no conjoin campaign on this forum anymore.

It is possible that Sparrow will be the next target. Only what the government will look for is allegation.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Petter Todd gave a 50% chance Samurai Wallet was run by feds:
https://www.youtube.com/watch?v=oPNFdhZUGmk

I guess the chance is now 100% Grin

RIP indeed, I hope the tech continues being used via open source anon development though

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Samourai Wallet has been taken down by the U.S. authorities: https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering. You can verify by opening samouraiwallet.com (it's under the authorities' control).

Another privacy enhancing tool goes down the road. Apparently, the governments use everything in their disposal to undermine the users' privacy. Samourai team had recently announced that they were developing a decentralized version of whirlpool, using the Soroban network. It could be the case that they foresaw their own disappearance.

Very frustrated. An important reminder and good quote is needed here.

Quote from: satoshi

>You will not find a solution to political problems in cryptography.

Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

R.I.P. Samourai.

Topic: Samourai Wallet seized by the feds - page 8. (Read 1800 times)