Co-Founder of Samourai Wallet Receives Four-Year Federal Prison Sentence in the U.S.
William Hill's Sentencing: William Hill, co-founder of Samourai Wallet, has been sentenced to four years in federal prison for operating an unlicensed money-transmitting business, a lighter sentence compared to his co-founder Keonne Rodriguez, who received five years.
Charges and Plea Deal: Both Hill and Rodriguez pleaded guilty to conspiracy charges, with their plea deal resulting in the dismissal of more serious money-laundering charges, despite the platform facilitating over $237 million in illegal transactions.
Prosecutors' Arguments: Authorities claimed that the co-founders intentionally designed Samourai Wallet's privacy features to attract users looking to conceal illicit funds, framing the service as an "end-to-end laundering pipeline."
Broader Enforcement Context: Hill's case is part of a larger federal crackdown on crypto privacy tools, highlighting the aggressive stance of U.S. authorities towards developers of platforms that enable anonymous transactions, influencing future regulatory approaches.
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Technical Analysis for FORM
Technical Sentiment Analysis for Formation Fi (FORM) As of , Formation Fi (FORM) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FORM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FORM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Formation Fi (FORM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0767 | 0.135 | 0.185 | 0.243 | 0.292 | 0.351 | 0.4 |
| Fibonacci | 0.135 | 0.177 | 0.202 | 0.243 | 0.284 | 0.31 | 0.351 |
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