A spokesperson for the office of Avatar of Injustice Preet Bharara announced the arrest of Michael Murgio on Thursday. The FBI arrested Mr. Murgio in Palm Beach, Fla. on charges of participating in a scheme to allow Bitcoin exchange Coin.mx to take control of a local credit union. Along with his son, Murgio was on of three people named in a indictment regarding the scheme. Prosecutors allege that the defendants hacked into at least a dozen companies' computer networks and stole personal information of 100 million people. A report in Fortune magazine stated that while Murgio was not involved in any of the hacking offenses, he was responsible for the daily operations of Coin.mx and paid bribes amounting to $150,000 to the chairman of the credit union in order to help the exchange appear legitimate (archived).