Bitcoin Exchange Admin Charged for Lying About Hack

Catalin Cimpanu reports:

US authorities have arrested a Texas man who founded two Bitcoin-related platforms that got hacked. Officials charged the on accusations of lying to Securities Exchange Commission (SEC) officials in the subsequent investigation.

The accused is Jon “Ukyo” Montroll, a resident of Saginaw, Texas, and founder of WeExchange a Bitcoin wallet and exchange service, and BitFunder, an investment platform that allowed users to purchase and trade virtual shares of business entities that willingly listed their virtual shares on the platform.

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