Buttfunder Founder Montroll Arrested

The U.S. Department of [in]Justice has arrested the founder of BitFunder, Jon Montroll (WOT:nonperson) – better known as Ukyo – in response to an investigation by The FBI and the Securities and Exchange Commission. BitFunder was an early Bitcoin "securities exchange" that saw around 6000 BTC liberated from it's coffers due to a bug that allowed attackers to credit themselves funds among other lulz. The announcement on the Department of [in]Justice website alleges that Montroll lied to SEC investigators in 2013 when questioned in regards to company finances after the hack, while depositing some of his own coins to BitFund in an effort to conceal the SFYL. Mr. Montroll has been charged with two counts of perjury and a single count of obstruction of justice.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>