A Bitcoin exchange operator for Coin.mx which is now a defunct Bitcoin exchange was given a 16 month prison sentence. The operator who is a Florida based software engineer, Yuri Lebedev got a sentence from U.S District judge Alison Nathan after he was found guilty of helping in running of an unlicensed Bitcoin exchange. This comes more than two years ago when he was arrested after he was found guilty of money laundering.
With links to Coin.mx, it is not only Lebedev that was charged but also pastor Trevor Gross who his conviction was in March due to bribery in connection with a New Jersey credit union that was linked with funding the activities of coin.mx overseas. His sentence is however set to happen towards the end of the month. From the persecution, there are allegations that Lebedev was the one involved in channeling bribes to Gross which was in form of donations.
According to a report by Bloomberg, the judge commended Lebedev of his advanced technology skills in attempts to prevent detection. His attorney added that he is more of an unlikely criminal defendant.
Coin.mx is just like many exchanges that have closed down due to irregularities. Coin.mx which was a Florida based Bitcoin exchange was closed as it was found to be operating in more like a collectibles club. It had alleged charges of money laundering as money from cybercrimes and criminal activities were channeled to the exchange. One of the cases includes the JPMorgan case.
Just like Lebedev, there is another Coin.mx operator Anthony Murgio that was convicted in 2015. He pled guilty early in the year and was sentenced to a 5 and a half year sentence starting from June this year.