Federal prosecutors in New York on Thursday announced the first bitcoin securities fraud case, accusing a Texas man of engineering a Ponzi scheme involving bitcoins.
U.S. District Judge Katherine Forrest set the Nov. 3 date as 29-year-old Ross William Ulbricht pleaded not guilty to four charges in a rewritten indictment returned earlier this week.
The top executive of a Manhattan-based Bitcoin company and a Florida Bitcoin exchanger have been charged with conspiring to commit money laundering by selling more than $1 million in Bitcoins to users of the black market website Silk Road, which let users buy illegal drugs anonymously, authorities said Monday.
The rapper filed a lawsuit Tuesday in Manhattan federal court against the creators of Bitcoin, charging trademark and publicity violations.
An online video game company will pay a $1 million settlement after being accused of infecting thousands of computers with malicious software and using that access to illegally mine for the electronic currency bitcoin.
“Bitcoin” is a growing trend and have been around since 2009. Anyone can buy it using real money at an online store, or an “exchange.”