Ki Young Joo: “Mixing cryptocurrencies is not a crime”

The CEO of CryptoQuant, Key, expressed his criticism towards the US Department of Justice for arresting the developers of the Samourai Wallet service, arguing that cryptocurrency mixing services should not be considered a crime.

In his complaint, Ki Young Ju highlighted that American law enforcement officers have been arresting individuals who aim to protect the confidentiality of their bitcoins. Privacy is a fundamental value of Bitcoin, and the act of mixing funds is not inherently illegal. Even cryptocurrency exchanges utilize mixing techniques to safeguard the privacy of their users. Ju compared the arrest of Samourai Wallet developers to punishing the inventor of a knife rather than the one who uses it.

The CEO of Samourai Wallet, Keonne Rodriguez, and CTO William Hill were charged with conspiracy to launder money and operate an unlicensed money transfer business. Ryan Adams, a cryptanalyst, expressed concern in a tweet that the developers face up to 25 years in prison simply for writing code. According to Adams, the United States is signaling that no cryptocurrency transaction will remain confidential.

In August 2023, the US Department of Justice charged the developers of the cryptomixer service Tornado Cash with money laundering, violating sanctions, and operating a business without a license.