Bitcoin Exchange Trial Ends With Two Convictions
TAGS: Coin.mx | Trevon Gross | Yuri Lebedev
Two individuals connected to the now-defunct bitcoin exchange Coin.max have been convicted following a trial in New York.
A Manhattan jury sided with the prosecution in convicting Coin.mx operator Yuri Lebedev and Pastor Trevon Gross. Both Lebedev and Gross had been charged with bribery and conspiracy charges, while Lebedev was also tried on bank fraud and wire fraud charges. No sentencing date has yet been set, according to a report from Reuters.
Lebedev and Coin.mx operator Anthony Murgio were arrested and charged in 2015 after the exchange's closure, which operated in Florida and allegedly served as a conduit for cybercrime funds. The exchange was also connected to a string of cybercrimes, including a 2014 data breach at JPMorgan Chase which exposed the personal data of tens of millions of customers.
Pastor Trevon Gross was accused of taking $150k in bribes for his role in using a New Jersey credit union to help the exchange process payments. Regulators later moved to shutter that exchange.
Defense attorneys for Gross and Lebedev claimed during the trial that their clients did not know that Coin.mx was running an illegal operation.
Murgio, who plead guilty to charges related to Coin.mx in January, is scheduled to be sentenced in June.
Image via Shutterstock
Coin.mxTrevon GrossYuri Lebedev
Popular
Finnish Police Launch OneCoin Investigation Amid Global Crackdown
Police in Finland have launched an investigation into OneCoin, a digital currency scheme widely considered to be fraudulent.
Local reports indicate that Finnish authorities are currently looking in
Snip’s Decentralized News Revolution
Online content is a broken system. Quality content gets buried beneath mountains of biased articles, clickbait, and stories that are too long to read in one sitting. Consequently, readers cannot easil
Binance Co-founder He Yi: Do Not Follow Suit and Hold Your Bitcoin
August 23th, Binance announced to open trading of MCO and ICN today. In the past few days, Binance opened trading of DNT, which was popular in the ICO market. Until today, Binance has listed 18
Segwit2x Developers Label Controversial Bitcoin Code 'Production Release'
The code for the controversial bitcoin scaling proposal Segwit2x is nearing completion.
At least, that's what BitGo CEO and project leader Mike Belshe has claimed in new a mailing list update.
S
Datum Turns Data into a New Asset Class and Plans to Launch the First Decentralized Data Marketplace in 2018
Internet applications play a very important part in our everyday life. Given the number of applications and the critical role they play in various settings have made it necessary for the creation of
Cash is useless in Venezuela thanks to hyperinflation — so people are turning to bitcoin
As Venezuela suffers its worst meltdown in history, with inflation skyrocketing and basic necessities running in short supply, many have taken to bitcoin mining in a bid to survive, according to a
Ethereum Price Technical Analysis – ETH/USD Might Extend Correction
Ethereum price is correcting lower against the US Dollar against Bitcoin. ETH/USD has to remain above $308 in order to bounce back. There was a decent upside move in ETH price above the $321 level
Bitcoin Price Technical Analysis for 08/24/2017 – Uptrend Line Still Holding
Bitcoin Price Key Highlights Bitcoin price is still moving above its ascending trend line that has held since mid-July but there are signs that the uptrend is weakening. Technical Indicators