Operator of bitcoin trading platform BitFunder was sentenced to 14 months in prison for securities fraud and obstruction of justice

On July 12, the Federal District Court for the Southern District of New York State announced that JON E. MONTROLL, the operator of the bitcoin trading platform BitFunder, was sentenced to 14 months in prison for securities fraud and obstruction of justice. After the release, he will be supervised by the authorities for three years. In addition, he still has to pay a fine of more than 167,000 US dollars.