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Bitinstant

CEO Of A Bitcoin Exchange Arrested Over Money Laundering Charges

Silk Road may have been taken down by FBI but the post-seizure casualties of the online drug portal continue. Authorities have now arrested Charlie Shrem, the CEO of a Bitcoin exchange called 'BitInstant' over allegations of Silk Road-related money laundering.

Bitinstant Loses $12,000 Of Bitcoins To A Hacker

Bitcoin is currently used by a number of major online entities as the virtual currency that holds real value. In the past, we have frequently reported the instances of Bitcoin frauds and thefts. Another has now hit the list, with a hacker stealing more than $12,000 from Bitinstant.