COIN.MX BITCOIN EXCHANGE OPERATORS ARRESTED

admin Bitcoin Law, Bitcoin News, Bitcoin Regulations, Cyber Crime & Cyber Terrorism, Ransomware, ScamCoins / Fraudsters, US Securities and Exchange Commission (SEC) 0 Comments

Two Florida men are facing some serious felony charges that intersect both Bitcoin and the money transfer business. According to federal authorities, Anthony R. Murgio and Yuri Lebedev never bothered to get a Money Services Business license for Coin.mx, a Bitcoin exchange. The FBI’s statement on the matter calls Coin.mx / Collectables Club a “phony front business” and mentions that the men also utilized a federal credit union that they bought solely for the purpose of washing dirty money. In doing so, they knowingly exchanged cash for people whom they believed may be engaging in criminal activity. MURGIO and his co-conspirators have also knowingly exchanged cash for Bitcoins for victims of “ransomware” attacks, that is, cyberattacks in which criminals (here, distributors of the ransomware known as “Cryptowall”) electronically block access to a victim’s computer system until a sum of “ransom” money, typically in Bitcoins, is paid to them. In doing so, MURGIO, and his co-conspirators knowingly enabled the criminals responsible for those attacks to receive the proceeds of their crimes, yet, in violation of federal anti-money laundering laws, MURGIO never filed any suspicious activity reports regarding any of the transactions. It goes on to allege that they willfully hid their …

COIN.MX REVIEW – IS IT A TRUSTWORTHY BITCOIN EXCHANGE ?

admin Bitcoin, Bitcoin 2.0, Bitcoin Affiliate Programs, Buying & Selling, Exchanges 0 Comments

CoinMX is one of the leading Bitcoin exchanges allowing you to purchase Bitcoins with a credit card today. I’ve heard a lot about it and decided to finally try it for myself. This review will describe my personal experience with the exchange as well as different opinions of other CoinMX customers I’ve managed to gather from the web. CoinMX is an American based Bitcoin exchange based in Dallas Texas. It was established in early 2013 and has been accepting customers worldwide since. The first thing I’ve noticed is that other than a physical location there are no individuals shown on the website who actually run the site. This always sets off an alarm for me as many of the scams I’ve encountered have this characteristic. However, I’m not going to eliminate an exchange based on that alone.   Verification is a bitch, but things go smoothly after.. Once you create an account on CoinMX you’ll need to verify your identity. Unlike other exchanges CoinMX asks you to shoot a video of yourself holding a government issued ID (e.g. passport). This was a pretty awkward moment in my life as I’ve never been requested to shoot a video for verification but I complied. …