CEO of Winklevoss-backed Bitcoin exchange arrested for money laundering

  1. Charlie Shrem, the 24-year-old CEO of New York-based Bitcoin exchange BitInstant, was arrested Monday and charged with money laundering. According to a TIME report, Shrem helped Robert Faiella, a 52-year-old Florida man, sell more than $1 million worth of Bitcoins...

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  2. That's too bad, if only the government had received their cut of the drug money.

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