US makes Bitcoin exchange arrests
January 27, 2014

The operators of two exchanges for the virtual currency Bitcoin have been arrested in the US.

The Department of Justice said Robert Faiella – known as “BTCKing” – and Charlie Shrem from BitInstant have both been charged with money laundering.

The authorities said the pair were engaged in a scheme to sell more than $1m (£603,000) in bitcoins to users of online drug marketplace the Silk Road.

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