Crypto mixer founder argues 30-year prison sentence is ‘unwarranted’

Evan Frederick Light faces up to 20 years behind bars for each charge, including conspiracy to commit wire fraud and money laundering.

The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the alleged creator of an organized crime messaging app. 

Monero’s price fell by 8% a day after Kraken announced it would stop supporting the privacy-focused cryptocurrency.