Anthony Murgio, 33, of Florida, US, will spend up to the next five and a half years behind bars for his role at Coin.mx, a haven for hackers looking to launder their profits.
The stretch is significantly less than what prosecutors had sought. At one point, Murgio was facing as long as 20 years, and at sentencing the prosecution had asked for at least 10 years. Apparently, Murgio's own remorse – as well as his generosity towards friends and family – played a part in getting the reduced sentence.
The US Department of Justice said Anthony Murgio first used the Bitcoin exchange to launder money for hackers. Later he enlisted the aid of a New Jersey credit union as a front for the operation, with the cooperation of Gross.
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