The legal trial related to defunct Israeli exchange Coin.mx has slowed down after the prosecution produced a new witness. Coin.mx is under suspicion for operating under a fake image while illegally accruing millions of dollars in bitcoin.
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Coin.mx News
Coin.mx was a money exchange that allowed users to buy, sell and exchange virtual currencies such as Bitcoin, Litecoin, etc. Coin.mx was launched by a group of American-based Collectables Club Association members in 2013. The main office of Coin.mx was headquartered in West Palm Beach, Florida. Initially, the cryptocurrency exchange was created only for members of Collectables Club Association in order to provide the Con.mx safe exchange. Everyone interested could join the association for free. From July 2013 until October 2013, the number of members who held a Coin.mx wallet and used the services of the association had grown from 200 to 4,500. However, in 2015, it was discovered that the exchange had been connected with a group of hackers and was used for money laundering. Anthony Murgio, who was running Coin.mx, has been sentenced to five and half years in prison. Stay tuned with Cointelegraph’s Coin.mx news.
The fallout from the Israeli exchange Coin.mx’s shut down two years ago continues with three more people due to be sentenced in court next month.
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292Two alleged operators of underground bitcoin exchange Coin.mx have been arrested at their homes in Florida by the US Federal Bureau of Investigation (FBI) last Tuesday.
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