Operator of Illegal Bitcoin Exchange Coin.mx Sentenced to Prison

Anthony Murgio, 33, of Tampa, Florida, has been sentenced to five and a half years in prison for running a Bitcoin exchange connected to hackers. The exchange was used to launder more than $10 million worth of funds, authorities reported.Both Murgio and Yuri Lebedev, 39, of St. Johns, Florida, operated Coin.mx through a fraudulent company called Collectables Club. According to the U.S. Attorneys Office for the Southern District of New York, the illegal Bitcoin exchange used the firms misleadi

Popular posts from this blog

World Economic Forum Bitcoin Discussions Validate the Movement

The World Economic Forum WEF has long been a lightning rod of global discussion on economic, social and political trends. This years gathering in Davos, Switzerland, was no exception.Blockchain technology emerged center stage last week as a key discussion theme, receiving praise from attendees for its cutting-edge potential. Bitcoin and the future of cryptocurrencies, too, were highly discussed topics at the forum, not just casually but also in an official session and a few panel discussions.
Read more