Bitcoin Exchange Operator Given 16-Month Prison Sentence

Bitcoin Exchange Operator Given 16-Month Prison Sentence

One of the operators of the now-defunct bitcoin exchange Coin.mx has been sentenced to 16 months in prison. According to a Reuters report, Florida-based software engineer Yuri Lebedev had been found guilty of helping run the unlicensed bitcoin exchange . His sentencing – handed down by U.S. District Judge Alison Nathan – came more than two years after he was initially arrested and charged with violating U.S. money laundering statutes. Along with Lebedev, Pastor Trevon Gross was convicted in March, though in the case of Gross, he was charged with bribery in connection with a now-shuttered New Jersey credit […]