US makes Bitcoin exchange arrests after Silk Road closure

Posted on: 30 Jan 2014

Category: News

The Department of Justice said Robert Faiella, known as BTCKing, and Charlie Shrem from BitInstant.com 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. The site was shut down last year and its alleged owner was arrested.

Link to article for more information: www.bbc.co.uk