27 Jan '14, 5pm

Bitcoin exchange CEO arrested for money laundering via @CNNMoney

Charlie Shrem, at center, is the CEO of BitInstant. He was arrested by federal authorities on Sunday. NEW YORK (CNNMoney) U.S. government agents have arrested Charlie Shrem, the CEO of Bitcoin exchange BitInstant, charging him with laundering money for customers of online drug bazaar Silk Road. The U.S. attorney in the Southern District of New York said Shrem helped someone he hadn't met in person, Robert Faiella, sell more than $1 million worth of bitcoins to Silk Road customers. Faiella, a 52-year-old Florida man, allegedly ran an underground Bitcoin exchange using the alias BTCKing. Shrem was arrested at John F. Kennedy International Airport in New York on Sunday, and Faiella was arrested at his home in Cape Coral, Fla., on Monday, prosecutors said. Both are charged with conspiracy to launder money and operating an unlicensed money transmitting business. Additionally, S...

Full article: http://money.cnn.com/2014/01/27/technology/security/bitco...

Tweets

CEO OF BITCOIN EXCHANGE ARRESTED

CEO OF BITCOIN EXCHANGE ARRESTED

businessinsider.com 27 Jan '14, 4pm

Preet Bharara, the United States Attorney for the Southern District of New York, James J. Hunt, the Acting Special-Agent-i...

Bitcoin Exchange CEO Arrested for Connection to Silk Road

Bitcoin Exchange CEO Arrested for Connection to...

mashable.com 27 Jan '14, 5pm

Federal law enforcement officials have arrested the CEO of a Bitcoin exchange platform and an alleged co-conspirator in co...

Bitcoin Foundation vice chair arrested for money laundering

Bitcoin Foundation vice chair arrested for mone...

theguardian.com 27 Jan '14, 5pm

A senior figure in the Bitcoin Foundation, which lobbies on behalf of the digital currency has been arrested for conspirac...

CEO of Bitcoin exchanger BitInstant charged with laundering $1 million through Silk Road

CEO of Bitcoin exchanger BitInstant charged wit...

wired.com 28 Jan '14, 8am

Charlie Shrem was arrested and charged with money laundering. Image courtesy Charlie Shrem The CEO of Bitcoin exchanger Bi...

Feds charge Bitcoin start-up founder with money laundering

Feds charge Bitcoin start-up founder with money...

washingtonpost.com 27 Jan '14, 6pm

Less than a year after raising $1.5 million for his Bitcoin exchange start-up BitInstant, CEO Charlie Shrem has been charg...

Prominent Bitcoin entrepreneur charged with money laundering

Prominent Bitcoin entrepreneur charged with mon...

reuters.com 28 Jan '14, 12am

NEW YORK (Reuters) - The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital curr...

BREAKING: Bitcoin exchange operators arrested in connection to Silk Road case

BREAKING: Bitcoin exchange operators arrested i...

rt.com 27 Jan '14, 4pm

Bitcoin exchange operators arrested in connection with Silk Road case Published time: January 27, 2014 16:26 Edited time: ...

Prominent Bitcoin entrepreneur charged with money laundering - Reuters

Prominent Bitcoin entrepreneur charged with mon...

reuters.com 28 Jan '14, 12am

NEW YORK (Reuters) - The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital curr...

Winklevoss-Funded Bitcoin Startup CEO Arrested In Silk Road Investigation

Winklevoss-Funded Bitcoin Startup CEO Arrested ...

forbes.com 27 Jan '14, 5pm

The Department of Justice announced Monday that it’s arrested Charlie Shrem, CEO of the Bitcoin payment processor BitInsta...

Meet The 'Bitcoin Millionaire' Arrested For All...

businessinsider.com 29 Jan '14, 4am

Bitcoin Foundation Executive Director Jon Matonis said in a press release: As a foundation, we need to remain focused on o...

US makes Bitcoin exchange arrests

US makes Bitcoin exchange arrests

bbc.co.uk 27 Jan '14, 4pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

DealBook: Two Executives of Bitcoin Businesses Are Arrested

DealBook: Two Executives of Bitcoin Businesses ...

dealbook.nytimes.com 27 Jan '14, 8pm

Gerard Til/Hollandse Hoogte, via Redux Charles Shrem, who co-founded an exchange for virtual money and spoke on the Bitcoi...

Bitcoin and the Fictions of Money

Bitcoin and the Fictions of Money

bits.blogs.nytimes.com 27 Jan '14, 2pm

Ethan Miller/Getty Images The D Las Vegas casino recently announced that it would accept Bitcoins. How should we think abo...

Winklevosses, Bitcoin community shocked by the arrest of BitInstant CEO Charlie Shrem

Winklevosses, Bitcoin community shocked by the ...

forbes.com 27 Jan '14, 9pm

BitInstant which was in operation from 2011 to 2013, before shutting down “temporarily” in July, was a site that allowed u...

Bitcoin backer Winklevoss warns of overregulation

online.wsj.com 28 Jan '14, 8pm

Bitcoin backers defended the fledgling digital currency at a hearing in New York on Tuesday, one day after prosecutors ann...