The Bitcoin magnate who was arrested at JFK earlier this week on charges of money laundering has resigned from his vice chairmanship of the Bitcoin Foundation. Charlie Shrem, 24, was arrested on charges that he supplied Bitcoins to people purchasing drugs online using the Silk Road. Many speculate that he used his now defunct company, […]

Charlie Shrem, a prominent member of the Bitcoin community who was arrested for money laundering yesterday, has resigned his position as vice chairman of the virtual currency trade organization The Bitcoin Foundation. The criminal complaint, filed in a New York federal court, alleges that Shrem knowingly sold bitcoins to Robert Faiella, who then sold them at […]