Quote from: Yankee (BitInstant) on September 03, 2014, 03:04:49 PM

From August 2011 - August 2013 BitInstant processed around 400M worth of BTC to customers. (rough estimate)

Thats about 24 months in business.

In their indictment, the government alleges that 1M of that went to Silk Road. (I wasn't even selling BTC to Silk Road users, I was allegedly selling to a guy who in turn resold the coins to users on Silk Road for a markup )

That means over a 2 year span, 0.025% of transactions on BitInstant were for Silk Road.

BitInstant's total operating profit (before costs, expesnes, ect) on 1M USD is 1.5% = $15,000 total the company profited from these alleged crimes, over an 11 months period. Thats $1,363 per month.

Quote from: johncarpe64 on September 03, 2014, 04:59:10 AM

Charlie was doing pretty much exactly this (granted he was making more money from it) but the only other real difference is that he was profiting from and helping SR.

I personally made no extra money from these alleged crimes.

I'm sorry for you bro!
but actually for the community it's very good news!!! Grin

People will think twice if it's worth getting involved in laundering stolen mt.gox coins for example
They will rot in hell when we get them Angry

Gotgoxed

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