Bitcoin Exchange Operator Discussing Deal With US Prosecutors – The Basics about Cryptocurrency

Recent court documents show that one of the operators of bitcoin exchange is involved in discussions on a possible plea deal with US prosecutors.

Assistant US Attorney Eun Young Choi asked the US District Court for the Southern District of New York last week to grant a 30-day continuance “to engage in further discussions with counsel about the disposition of the case” with defendant Anthony Murgio.

Murgio was one of two employees arrested earlier this summer and later accused of money laundering and operating an illegal money services business out of Florida.

The court granted the continuance, which will be in effect until 9th October.

According to Bloomberg, Murgio is also suspected of being involved in a cyberattack on JPMorgan Chase last year that resulted in the loss of personal information from tens of millions of customer accounts.

Court documents show that Murgio is cooperating during these discussions, which could result in a plea bargain. Murgio was released on $100,000 bail last month.

The full order of continuance can be found below.

Order of Continuance

Court room image via Shutterstock