Bitcoin Foundation’s Shrem Can Be Freed on $1M Bond, Judge Says
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Charlie Shrem, the vice chairman of the Bitcoin Foundation charged by federal prosecutors with conspiring to launder more than $1 million in the virtual currency tied to the illicit online bazaar Silk Road, can be freed on $1 million bond, a judge ruled.
Shrem, 24, will remain under house arrest at his parents’ home in Brooklyn, New York, with electronic monitoring, Magistrate Judge Henry Pitman said today in Manhattan federal court.