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Topic: Samourai Wallet seized by the feds - page 8. (Read 1993 times)

hero member
Activity: 798
Merit: 1045
Goodnight, ohh Leo!!! 🦅
April 24, 2024, 04:23:36 PM
#11
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.
...and what does that tell you? These people only care about their pockets and if they ever get a chance to forfeit already enacted laws, it'll definitely be for the highest bidder.... Sentiments!! Bloody sentiments!! FFS!!! Decentralization is gone!!
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).
Yes!
Another privacy enhancing tool goes down the road. Apparently, the governments use everything in their disposal to undermine the users' privacy. Samourai team
it's clear that all they want isn't just the control per se ... If they wanna use these platforms to generate extra revenues for their greedy pockets, then why not go into a dialogue?
Edit: This whole drama won't go down well for alot of bitcoiners - you'll either be paying VAT on every transaction aside the TF, or facing detention for as long as they want.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
April 24, 2024, 04:12:48 PM
#10
years ago when I saw that casinos were asking for kyc, when I saw that exchanges were also asking for kyc and started deanonymizing altcoins, when I saw that governments were seizing mixers, then I said it was a matter of a few years to governments target wallets too. I believe that in the future governments will not allow wallets to add or allow people to hold anonymity coins and that people will not kyc wallets and that wallets will operate without a license. This is because the governments' idea is that the same rules and laws that are applied to all financial services in the real world should also be applied to financial services on the internet.

For many governments, they no longer want the internet to be a different world from the real world in which the laws and rules of the real world do not apply in the internet world. we just need to see that governments are regulating social networks. Nowadays, speaking badly about someone on social media is punished as if you had spoken badly about them in the real world. privacy on the internet is ending at the speed of light, whoever wants to survive on the internet will have to accept the rules and laws of governments
legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
April 24, 2024, 03:57:08 PM
#9
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.
hero member
Activity: 994
Merit: 1089
April 24, 2024, 03:55:09 PM
#8
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.
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.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
April 24, 2024, 03:30:09 PM
#7
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.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
April 24, 2024, 03:23:01 PM
#6
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.

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.

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:

legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
April 24, 2024, 03:19:26 PM
#5
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.
hero member
Activity: 560
Merit: 1060
April 24, 2024, 03:16:55 PM
#4
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?

It is possible that Sparrow will be the next target.

Ouch! That would hurt.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
April 24, 2024, 03:12:48 PM
#3
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.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
April 24, 2024, 03:05:44 PM
#2
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
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
April 24, 2024, 02:57:19 PM
#1
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.
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