Bitcoin exchange chief arrested

|By:, SA News Editor

The CEO of BitInstant, Charlie Shrem, has been arrested at JFK airport, accused of selling more than $1M in Bitcoin (BITCN) to Silk Road users who then used the currency to buy drugs.

"Hiding behind their computers, both defendants are charged with knowingly contributing to and facilitating anonymous drug sales, earning substantial profits along the way," says DEA agent James Hunt.