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A crypto exchange tied to Silk Road and alleged money laundering schemes now has its operator facing serious federal charges and prison time. https://t.co/gITBX0blmq
SILK ROAD MONEY: OLD BITCOIN GHOSTS BACK TO HAUNT Maximiliano Pilipis just got charged for allegedly running an unlicensed exchange and laundering Bitcoin tied to Silk Road. Between 2009-2013, his platform, AurumXchange, handled $30M+ in transactions, racking up 10,000 BTC in… https://t.co/95Naq29x8x
SILK ROAD MONEY LAUNDERING BUST? Maximiliano Pilipis, former operator of AurumXchange, just got hit with charges for running an unlicensed crypto exchange and laundering Silk Road BTC. His platform moved $30M+ in transactions back in the day, grabbing over 10,000 BTC in fees,… https://t.co/5sj11GA5uz
Silvergate Bank, a modestly sized bank in San Diego, announced on March 8, 2023, that it would voluntarily liquidate. This decision has left large institutional traders of cryptocurrency without a key banking partner. The management of Silvergate Bank ($SI) was charged with fraud and banned from the industry after criminals laundered billions using the bank. Meanwhile, Ripple's CEO revealed that his 25-year-old bank account was closed due to his role leading a crypto company, highlighting rising regulatory pressures and uncertain U.S. policies. He was given 5 days to withdraw funds.
