Bitcoin Exchange Coin.mx Opereator Released on $75,000 Bond

A second Tampa Bay man has been charged for conspiracy and operating an unlicensed money transmitting venture. Ricardo Hill, one of the nine men allegedly linked to the JPMorgan data breach in 2014, was released on a $75,000 bond.
Last week, Hill appeared at a Manhattan court to settle various charges filed against him for operating an unregulated Bitcoin exchange. Hill admitted he was aware of the fact that his Bitcoin exchange, Coin.mx, processed transactions involving the victims of the JP Morgan security breach.
Considering Hill’s statement, the court ruled Hill to be guilty and noted that Hill and other operators of Coin.mx, including Anthony Murgio, profited from the transactions that victims settled on in order to access their files compromised during the attack.
While Hill was not directly involved with the security breach and hacking of JP Morgan’s database and computers, the court and prosecutors stated that Hill played an important role as a middleman in transferring money between the victims and the ransomware developers.

This post was published at Coin Telegraph on 2016-11-16.