Bitcoin exchange employee pleads guilty in U.S. case tied to hacking

Nate Raymond reports:

A Florida man pleaded guilty on Tuesday to charges stemming from his employment with an unlicensed bitcoin exchange that prosecutors say was owned by an Israeli who oversaw a massive scheme to hack companies including JPMorgan Chase & Co.

Ricardo Hill, 38, entered his plea in Manhattan federal court to seven counts, including conspiracy to operate an unlicensed money transmitting business, wire fraud and bank fraud.

The Brandon, Florida-resident is one of nine people to face charges following an investigation connected to a data breach that JPMorgan disclosed in 2014 involving records for more than 83 million accounts.

Read more on Reuters.

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