NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Manhattan Court Files Charges Against Operators of Unlicensed BTC

newsbtc
newsbtc
4 years ago
2 mins read
bitcoin exchange, bitcoin arrest, bitcoin new york, bitlicense

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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.

Underground Bitcoin Exchange Operations

Through Coin.mx, Murgio, Lebedev, and their co-conspirators enabled their customers to exchange cash for bitcoins, charging a fee for their service. Upon investigation, the authorities saw that this was conducted through a phony front-company and a federal credit union that Murgio allegedly acquired for the purpose of carrying on with the scheme.

With that, Murgio and Lebedev may have engaged in money transmittance activity for those guilty of criminal activity. After all, bitcoin has still been clouded with a negative reputation for being used as the currency of choice for illegal dealings, as the cryptocurrency’s transactions are anonymous and cannot be traced.

In addition, perpetrators of online attacks or malware encryption have typically been demanding bitcoin as ransom. For instance, TorrentLocker in the UK has been known to require bitcoin payments before unlocking files in computers they’ve encrypted with ransomware. Authorities believe that transactions similar to these have been conducted through unlicensed bitcoin exchanges like Coin.mx.

The filing also indicated that between approximately October 2013 and January 2015, Coin.mx exchanged at least $1.8 million for bitcoins on behalf of tens of thousands of customers. Their operations are believed to have spanned Cyprus, Hong Kong, and Eastern Europe.

With that, Murgio and Lebedev are charged each with one count of conspiracy to operate an unlicensed money transmitting business and one count of operating an unlicensed money transmitting business, each of which carries a maximum sentence of five years in prison.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 1

  1. kinetiktrader says:
    10 years ago

    So what a man creates a business that uses Bitcoin for people that want to use it….

    What is the big deal? Money laundering can be done with a pastry business in usd’s.

    The fact that this article is sensational in its creation shows the lack of knowledge and understanding.

    New York wants 5k a year for Bitcoin business something that is akin to legal mafia.

    Bitcoin is traceable to some extent and if these people where doing highly ilegal activity what are the criminal/ terrorists that they served?

    They served people in other countries cause “hello” bitcoin is a world currency.

    “Fear tactics are all sheep ever learn to become, follow, agree and then graduate as black sheep”

    If this journal is to support bitcoin it should look at the options why these men did not make a real exchange. What’s the difference between them coinbase? Why are outdated laws and greedy lawmakers so adement to Bitcoin in New York and what does the rest of the countries legal standpoint in operating an exchange? How can bitcoin work to make the law a friend? Etc

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. kinetiktrader says:
    10 years ago

    So what a man creates a business that uses Bitcoin for people that want to use it….

    What is the big deal? Money laundering can be done with a pastry business in usd’s.

    The fact that this article is sensational in its creation shows the lack of knowledge and understanding.

    New York wants 5k a year for Bitcoin business something that is akin to legal mafia.

    Bitcoin is traceable to some extent and if these people where doing highly ilegal activity what are the criminal/ terrorists that they served?

    They served people in other countries cause “hello” bitcoin is a world currency.

    “Fear tactics are all sheep ever learn to become, follow, agree and then graduate as black sheep”

    If this journal is to support bitcoin it should look at the options why these men did not make a real exchange. What’s the difference between them coinbase? Why are outdated laws and greedy lawmakers so adement to Bitcoin in New York and what does the rest of the countries legal standpoint in operating an exchange? How can bitcoin work to make the law a friend? Etc

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Snorter

Kateri Telegram bot bi lahko bil naslednja kriptovaluta s 100x donosom?

Ker je priljubljenost Telegram botov eksplodirala, se Snorter telegram bot pojavlja kot resen tekmec Banana Gun z nizkimi pristojbinami, hitrostjo...

tanjapotocnik 2 hours ago
meme coins

Meme coins καταγράφουν νέα κέρδη καθώς το Bitcoin ξεπερνά τα 122.000 δολάρια

Η αγορά των meme coins φαίνεται να ακολουθεί τη γενικότερη ανοδική πορεία του Bitcoin, το οποίο ξεπέρασε τα 122.000 δολάρια...

Ιωάννης Ριζόπουλος 3 hours ago
SHIBA INU

Shiba Inu burn rate stijgt met 2080% – de beste meme coin om nu te kopen?

De koers van Shiba Inu wist in de afgelopen drie weken met ruim 40% toe te nemen. Crypto-analisten verwachten dat...

Lars Diederiksen 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative

Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative

Sebastian Villafuerte 52 minutes ago

Price Isn’t the Only Thing Rising – FUNToken’s Roadmap Execution Is Gaining Speed Too

News BTC 1 hour ago
Ethereum

Ethereum Shines Bright As Bank Of America Begins Digital Asset Tracking

Christian Encila 2 hours ago

Premium Sponsors

Press Releases

  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    2 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    3 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    3 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    3 hours ago
  • 仮想通貨おすすめ|1ドル以下の3銘柄が2027年までに200ドルの投資を200万円に変える可能性

    ...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.