Topic: CEO OF BITCOIN EXCHANGE ARRESTED - page 17. (Read 23786 times)
That wasn't expected "at least for me" though Everyone knew BitInstant wasn't coming back at least now after there long shutdown I wasn't expecting an arrest for it's owner since it's already closed.
well, thats big news.... I wonder what's next...
Now its the time for USA agents to revenge,
All Bitcoin Business is in fact less/more relating to SilkRoad, SilkRoad makes Bitcoin's sucess today
It's just about the timing to investigate this fact and get a reason to destroy Bitcoin, then arrest Mtgox/TradeHill/Bitinstant etc..
That just does not make sense to me. What makes bitcoin so special it deserves arrests? Why not a bank cashing a persons check and then that person buys drugs with the fiat? Or some type of comparison like that?
If you read the press release by the DEA, it says they have emails between shrem and BTCKing and that BitInstant KNEW that BTCKing was acting as a conduit for people to buy drugs on SilkRoad.I highly doubt Jamie Dimon ever emails some customer that says "hey I need to withdraw some of this drug money from a chase branch, ok?"
Wonder how they got all those emails?
That just does not make sense to me. What makes bitcoin so special it deserves arrests? Why not a bank cashing a persons check and then that person buys drugs with the fiat? Or some type of comparison like that?
I was thinking the same thing. Maybe there was an agreement to send and receive (i.e. launder) coins. 
That just does not make sense to me. What makes bitcoin so special it deserves arrests? Why not a bank cashing a persons check and then that person buys drugs with the fiat? Or some type of comparison like that?
I dont condone any of this but there's a double standard. Not a single person at HSBC was arrested for laundering mexican drug cartel money. Why is there this double standard?
If that is the case, then are they going to arrest everyone that has $100 bills with coke residue on them (which is more than 50% of bills in circulation) if i'm not mistaken
That just does not make sense to me. What makes bitcoin so special it deserves arrests? Why not a bank cashing a persons check and then that person buys drugs with the fiat? Or some type of comparison like that?
Having drugs is NOT the problem. Even using drugs is not the problem. The problem is harming other people or damaging their property.
Laws like drug laws are in place to give authorities excuses to attack people legally. Drug laws don't stop anybody. Rather, they take away peoples' rights to use both drugs and Bitcoin.
If the laws only had to do with judging harm and damage done by the accused, we would be free, and the real bad guys would be behind bars.
As it is, it appears that lawmakers and law enforcement are the real criminals by arresting and persecuting people who haven't harmed anyone.
Laws like drug laws are in place to give authorities excuses to attack people legally. Drug laws don't stop anybody. Rather, they take away peoples' rights to use both drugs and Bitcoin.
If the laws only had to do with judging harm and damage done by the accused, we would be free, and the real bad guys would be behind bars.
As it is, it appears that lawmakers and law enforcement are the real criminals by arresting and persecuting people who haven't harmed anyone.
CEO OF BITCOIN EXCHANGE ARRESTED
The CEO of BitInstant, a Bitcoin exchange, has been arrested at JFK airport and charged with money laundering.
Charlie Shrem, along with a co-conspirator, is accused of selling over $1 million in Bitcoin to Silk Road users, who would then use them to buy drugs and other illicit items.
"Hiding behind their computers, both defendants are charged with knowingly contributing to and facilitating anonymous drug sales, earning substantial profits along the way," DEA agent James Hunt said in a release.
Shrem is a vice chairman at the Bitcoin Foundation. He is listed as a speaker at a Bitcoin conference in Miami that ended Sunday.
Shrem is believed to own a substantial amount of Bitcoin.
Read more: http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1#ixzz2rcQNGOtj
The CEO of BitInstant, a Bitcoin exchange, has been arrested at JFK airport and charged with money laundering.
Charlie Shrem, along with a co-conspirator, is accused of selling over $1 million in Bitcoin to Silk Road users, who would then use them to buy drugs and other illicit items.
"Hiding behind their computers, both defendants are charged with knowingly contributing to and facilitating anonymous drug sales, earning substantial profits along the way," DEA agent James Hunt said in a release.
Shrem is a vice chairman at the Bitcoin Foundation. He is listed as a speaker at a Bitcoin conference in Miami that ended Sunday.
Shrem is believed to own a substantial amount of Bitcoin.
Read more: http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1#ixzz2rcQNGOtj
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