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CryptoIntelligence 2024-05-01 06:57:06

Crypto Mixing Services Defended Amidst Arrests: Privacy Advocates Speak Out

Ki Young Ju, founder and CEO of CryptoQuant, defended crypto mixing services, stating that they are not inherently criminal. In response to the recent arrest of Samourai Wallet founders, he emphasized the importance of privacy in Bitcoin, noting that mixing, a technique used to enhance privacy, should not be deemed illegal. He likened punishing mixing service providers to blaming the inventor of a knife for its misuse. The United States Department of Justice (DOJ) arrested Keonne Rodriguez and William Hill, CEO and CTO of Samourai Wallet respectively, on April 24. They each face charges of conspiracy to commit money laundering

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