YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

US arrests operator of shuttered bitcoin investment platform

Posted online

The operator of defunct bitcoin exchange BitFunder was arrested Wednesday on federal charges.

Jon Montroll is accused of lying to U.S. securities regulators to avoid responsibility for the theft of virtual currency on his platform now worth nearly $70 million.

The U.S. Securities and Exchange Commission also filed suit against Montroll for allegedly running an unregistered securities exchange that defrauded its users.

Read more from Reuters.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Startup Corner: Sara Parrish, Podcast Pilot LLC

The company provides production services for podcasting.

Most Read