New Jersey pastor Trevon Gross and coder Yuri Lebedev have been convicted and face 20 years in prison for their roles in Coin.Mx, an illegal bitcoin exchange. The two allegedly helped launder bitcoins used in darknet purchases and ransomware scams by disguising them as legitimate cash transactions.

Lebedev, Anthony Murgio and co-conspirators allowed coin.mx customers to exchange cash for bitcoins and charged a fee for the service, according to the indictment filed in the U.S. District Court Southern District of New York. Between October 2013 and July 2015, Coin.mix exchanged millions of dollars for bitcoins.
Defendants Disguised Transactions

The conspirators allegedly disguised transactions by operating through front companies, including “Collectables Club,” and maintaining phony websites. The accounts in these companies actually functioned as operating accounts for the illegal Coin.mx bitcoin exchange business.
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