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Charlie Shrem Resigns From Bitcoin Foundation After Money Laundering Arrest


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, BitInstant, to facilitate the transactions, although statements from the U.S. Attorney’s Office did not name the company. The Verge published a statement from Bitcoin Foundation’s director, Jon Matonis:

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