Education DESCRIPTION Are you lost in cryptocurrency space? Do you want to really understand what is special about cryptocurrencies & blockchain? This course offers a head start in the crypto world! Understand what is Cryptocurrency and why it is called The Future Of Money. • Governments can print unlimited money whenever they want facilitating them to steal resources from citizens of the respective nation. They do so by slightly inflating the currency and buying whatever they want. • Fiat currencies usually lose value over time due to excessive (more than what is required) printing. • Fiat money has the tendency to drop to zero or no value. If it happens, the economy of that particular nation gets ruined. Effectively Protect yourself from Inflation and Collapsing of paper currency! Get hold of your seat to now! Special Reduced Price: $299 Hurry, Only Two Tickets Left! THIS IS A LIVE EVENT, NOT REMOTE INSTRUCTION Event Details Date: 24th November 2018 (Saturday) Time: 9am to 7pm Date:25th November 2018 (Sunday) Time: 9am to 4pm Registration starts from 8.15 am Venue: Park Royal on Kitchener Road,181 Kitchener Road, Singapore 208533 Things to bring on the day: – Writing Materials (Lots of Paper and pens) – Empty water bottle: Water dispenser will be available – Snack – Jacket / Sweater (In case you feel cold during the workshop) – Business card – Your Greatest Learning Attitude starting on 2018-11-24 09:00:00
Yuri Lebedev, an immigrant from Ukraine, was sentenced to 16 months of jail for his role in a bitcoin scam that used an illegal bitcoin exchange, Coin.mx, for laundering money for a global hacking ring.
No matter how smart or lucky a criminal is, they usually end up facing the long arm of the law. The latest perpetrator to face justice is Yuri Lebedev, a Florida programmer who had emigrated to the US from Ukraine as an exchange student when he was 16. Now he’s being in jail for his role in a bitcoin scam featuring the illegal exchange, Coin.mx.
Using Technology for Criminal Enterprise
Yuri Lebedev is 39, married, and the father of three children. He’s also the tech guru behind Coin.mx, an illegal bitcoin exchange that authorities say laundered money for a global hacking network. The court found that Yuri Lebedev did not actually launder any funds himself or be personally involved in any hacking, but he was found guilty of setting up and maintaining the illegal exchange.
The group behind Coin.mx targeted financial and publishing firms, such as JPMorgan and Dow Jones & Co., to steal customer data. They then targeted millions of victims to spam “pump and dump” penny stock schemes. The cryptocurrency they received for their attacks was then laundered through the Coin.mx exchange. Yuri Lebedev had set up an array of servers to process the transactions, which were disguised to banks as restaurant delivery charges and online purchases of collectible items in order to be converted into cash. The actual operator of Coin.mx was Anthony Murgio, who was . The man behind the hacking scheme itself is Gery Shalon, an Israeli citizen, who was recently released from jail after agreeing to pay of USD.
Shining Opportunity Squandered
As for Yuri Lebedev, he explained his part in the scheme as wanting to create “cutting edge technology” and build something “that would make me exceptional.” He added that he “got carried away.” However, he is lucky in that he did not get the full ten years that he was facing.
It’s a sad twist as Yuri Lebedev had done a lot to improve his lot in life. He was born in Russia and raised in Ukraine. He was abandoned by his alcoholic father when he was 8 and raised by his mother, who was a scientist. He came to the US as an exchange student when he was 16. He graduated from Valdosta State University with degrees in physics and computer science, and he then went on to gain a Masters of Science and Physics from Florida State University. As one could see, Yuri Lebedev is an extremely bright individual and actually didn’t need to turn to crime for money.
An interesting twist on the is that the judge ruled that . US District Judge Alison Nathan ruled:
Bitcoins are funds within the plain meaning of that term. Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. They therefore function as pecuniary resources and are used as a medium of exchange and a means of payment.
Do you think that Yuri Lebedev squandered his opportunity by being part of a bitcoin scam? Does such laundering schemes hinder the wider acceptance of cryptocurrency? Let us know in the comments below.
Images courtesy of Pixabay, Flickr, and Public Domain Pictures.
Markets Hit Six Week High as Altcoin Rally Adds Another $10 Billion Yesterday’s crypto market rally has continued for a second day adding a further $10 billion to total market capitalization. The push has driven […]
Aigang – Blockchain protocol for Smart Insurance [sponsored post] https://aigang.network – AiGang is a decentralized digital insurance protocol that can be used to buy insurance for smart items, such as smart phones, drones, and even […]
![Aigang - blockchain protocol for smart insurance [sponsored post]](https://ohiobitcoin.com/storage/2018/06/ORXQXi.jpg "Aigang - blockchain protocol for smart insurance [sponsored post]")