Several bitcoin exchanges including the now-defunct Mt. Gox received subpoenas from Manhattan federal prosecutors this winter as they look into possible ties between the exchanges and the online drug market Silk Road, the Wall Street Journal reported on Monday, citing people familiar with the matter. The subpoenas to Mt. Gox demanded customer-transaction logs and materials…
Prominent bitcoin entrepreneur Charlie Shrem has been indicted by a federal grand jury in New York on charges of funneling cash to the illicit online marketplace Silk Road. Shrem, known as one of the digital currency’s most visible promoters, is accused of conspiring with a Florida man, Robert Faiella, to sell more than $1 million…
Before the late-January arrest of Charlie Shrem, the yeshiva-educated mastermind behind the online commerce site BitInstant, I hadn’t made a Jewish connection with Bitcoin. A digital currency that’s not regulated or backed by any government or central bank, and whose value depends on demand, Bitcoin has been all over the business and technology pages, but…
Two men who operate bitcoin exchange businesses have been charged with money laundering for helping drug merchants exchange $1 million in cash for bitcoins, the digital currency, U.S. prosecutors said on Monday. Federal prosecutors in New York announced charges against Charlie Shrem and Robert Faiella, both operators of bitcoin exchange businesses, for attempting to sell…
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