Anthony Murgio, a man accused of co-running the Florida-based bitcoin exchange Coin.mx which shut down amid charges of money laundering and connections to a JP Morgan hack, has plead guilty in federal court.
The plea deal, which was concluded in federal court in Manhattan, saw Murgio pleading guilty to three counts, including conspiracy to operate an unlicensed money transmitting business and conspiracy to commit bank fraud.
Attorney Brian Klein, who represents Murgio, confirmed the plea.
“By pleading guilty, Anthony Murgio accepts full responsibility for his conduct. Today, he was able to start the process of putting what happened behind him. In connection with his sentencing, we look forward to letting the judge know the many positive things about Anthony,” said Klein.
Prosecutors said Coin.mx was operated from 2013 to 2015 through several fronts, including one called “Collectables Club,” to trick financial institutions into believing it was a members-only group interested in collectables like stamps.
Coin.mx was owned by Israeli citizen Gery Shalon, according to prosecutors, who say he and Maryland-born Joshua Samuel Aaron orchestrated cyber attacks on companies. An attack on JPMorgan resulted in the information of more than 100 million people being stolen.
Five other defendants, including Murgio’s father, are also facing charges in connection with the alleged fraud. Prosecutors say two of the five co-conspirators are scheduled to face trial next month.