Manhattan Court Files Charges Against Operators of Unlicensed Bitcoin Exchange
The U. S. Attorney for the Southern District of New York filed charges against two men from Florida for allegedly operating an unlicensed bitcoin exchange. This comes weeks after the state rolled out its BitLicense framework covering the digital currency industry and requiring bitcoin companies to secure licenses for their services and products. The filing indicated that Anthony R. Murgio and Yuri Lebedev had been running an underground bitcoin exchange online since 2013. Their service, which is called Coin.mx, had apparently been in violation of the Fed's anti-money laundering regulation.....
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A second Tampa Bay man has been charged for conspiracy and operating an unlicensed money transmitting venture. Ricardo Hill, one of the nine men allegedly linked to the JPMorgan data breach in 2014, was released on a $75,000 bond. Last week, Hill appeared at a Manhattan court to settle various charges filed against him for operating an unregulated Bitcoin exchange. Hill admitted he was aware of the fact that his Bitcoin exchange, Coin.mx, processed transactions involving the victims of the JP Morgan security breach. Considering Hill’s statement, the court ruled Hill to be guilty and noted....
Anthony Murgio, who was charged for operating an illegal bitcoin exchange, has appeared in court to address the charges. Murgio was arrested back in July and has spent a few nights in Pinellas County jail before securing a $100,000 bond to be freed. In the hearing, Murgio let his lawyer Gregory W. Kehoe of the big law firm Greenberg Traurig, do the talking. The hearing was held before the United States magistrate judge, James C. Francis IV, in a federal court in Lower Manhattan. Illegal Bitcoin Exchange. According to federal authorities, bitcoin exchange Coin.mx run by Murgio has been a....
2016 saw numerous important court decisions made which affect the Bitcoin industry as a whole. We consulted lawyers and researched the biggest court cases of the year, ranging from whether or not Bitcoin is money to the fate of Ross Ulbricht. Here’s what we’ve found. Is Bitcoin money? An age-old Bitcoin question returned to the spotlight in 2016: is....
A Florida man charged with conspiring to operate an unlicensed money transmitting business has been released on a $75,000 bond following an appearance in a Manhattan court, according to Reuters. Prosecutors say the man, Ricardo Hill, 38, is the latest individual facing charges in connection with an illegal bitcoin exchange called Coin.mx owned by an Israeli accused of hacking JPMorgan Chase & Co. and other companies. eclined to comment. Nine people including Hill face charges following an investigation related to a data breach that involved more than 83 million accounts. JPMorgan....
The criminal case that sees Anthony Murgio – a Florida man charged with operating an illegal (unlicensed) bitcoin exchange – saw the presiding US federal judge reject a bid from Murgio’s defense that bitcoin did not classify as “funds”, which would deem it exempt from applicable federal laws. U.S. District Judge Alison Nathan in Manhattan has rejected Anthony Murgio’s claim to dismiss two charges related to his alleged involvement of unlicensed bitcoin exchange Coin.mx. In his bid, Murgio argued that bitcoin wasn’t money and therefore doesn’t fall under the purview of federal law of....