Quote:
Originally Posted by EnglishTeacher
There's bad apples in every business. Glad these two got taken out.
|
That's not a bad apple it is the whole apple tree: bitinstant is was of the biggest exchanges, winklewoss invested in it, and its founder is VP of bitcoin foundation:
"Shrem, 24, chief executive officer of the exchange BitInstant.com, changed cash into bitcoins for Faiella, 52, who ran an underground bitcoin exchange through the username BTCKing on Silk Road's website. Shrem, in addition to knowing that Faiella's business was funneling money into Silk Road, also used Silk Road himself to buy drugs.
Authorities arrested Shrem on Sunday at New York's John F. Kennedy International Airport.
The tech investors Cameron and Tyler Winklevoss invested $1.5 million in BitInstant last year.
In addition to running BitInstant, Shrem is vice president of the main bitcoin-focused trade group, the Bitcoin Foundation."