Bitcoin advocate and entrepreneur charlie shrem the founder of bitcoin exchange bitinstant who was arrested in arrested and convicted in 2014 and held in a high security federal prison camp. Blockchain for distributing votes and independent digital dollars take center stage in the this week s regulation news. Now he s out and is sure of.
Shrem spent one year in jail. Founder of bitinstant shrem was one of the first bitcoin entrepreneurs. The founder and operator of the now defunct bitcoin exchange bitfunder jon montroll was sentenced yesterday to 14 months in jail for lying to federal regulators about a hack that cost his customers more than 6 000 bitcoins worth nearly 70 million at today s prices.
The bitcoin entrepreneur charlie shrem has been sentenced to two years in jail for his part in a money laundering scheme after a bitcoin exchange he ran was found to be aiding users of the silk. In the process nakamoto was the first to solve the double spending problem for digital currency using a. As part of the implementation nakamoto also devised the first blockchain database.
Satoshi nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin authored the bitcoin white paper and created and deployed bitcoin s original reference implementation. The founder and operator of the now defunct bitcoin exchange bitfunder jon montroll was sentenced yesterday to 14 months in jail for lying to federal regulators about a hack that cost his.
