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Charlie Shrem resigns from the Bitcoin Foundation after arrest

29
Jan
2014

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 a markup on the Silk Road forums. The Bitcoin Foundation, which has emerged as the premier authority on the five-year-old virtual currency, attempted to distance itself from Shrem while emphasizing that he has not been proven guilty yet. It has been mutually decided that Charlie Shrem resign from the Board of Directors, effective immediately.

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