$100k Bail for Suspected Head of Bitcoin Exchange Coin.mx

A man charged by US prosecutors for operating bitcoin exchange service Coin.mx without a money transmission license has been released on bail.

AccessTimeIconAug 11, 2015 at 9:17 a.m. UTC
Updated Sep 11, 2021 at 11:49 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

A man charged by US prosecutors for operating bitcoin exchange service Coin.mx without a money transmission license has been released on bail.

, Anthony Murgio's bail was set at $100,000 by US Magistrate Judge James Frances.

Murgio's bail terms also state he must not communicate with anyone associated with Coin.mx. Originally from Florida, Murgio's bail term will enable him to travel around New York and his home state to look for employment while he awaits trial.

Murgio was arrested alongside Yuri Lebedev on 21st July. They were charged with one count of conspiracy to operate an unlicensed money transmitting business and one count of operating an unlicensed money transmitting business.

Additionally, Murgio faces charges of one count of money laundering and one count of wilful failure to file a suspicious activity report. If convicted, he faces a maximum of 20 years in prison.

According to the New York Times, Lebedev has been released on a $25,000 bond.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.