Today's Hard|Forum Post
Today's Hard|Forum Post

Monday January 27, 2014

CEO Of Winklevoss-Backed Bitcoin Exchange Arrested

I don't always use bitcoin, but when I do...it's to buy pot brownies.

According to the charging document, 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. The criminal complaint says that Shrem, in addition to knowing that Faiella's business was funneling money into Silk Road, also used Silk Road himself to buy drugs, including marijuana-infused brownies.

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