The former operator of the now-defunct bitcoin exchange Coin.mx has pleaded guilty in federal court.
Murgio changed his plea to guilty on three charges, including the operation of an unlicensed money transmission service, Reuters reports. He now faces sentencing in June.
Attorney Brian Klein, who represents Murgio, confirmed the plea.
He told CoinDesk by email:
Coin.mx was a Florida-based exchange that federal prosecutors allege acted as a money conduit for the cybercrime ring behind the JPMorgan hack.
As part of the alleged scheme, Coin.mx effectively gained control of a New Jersey-based credit union, for which an executive of the institution was later charged with bribery.
Legal image via Shutterstock
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