Share this article
Bitcoin Exchange Owner Extradited Following Cybercrime Indictment
Two individuals tied to the now-defunct US bitcoin exchange Coin.mx have been extradited to the US from Israel, prosecutors announced today.
By Stan Higgins
Updated Sep 11, 2021, 12:19 p.m. Published Jun 9, 2016, 9:35 p.m.
Two individuals tied to the now-defunct US bitcoin exchange Coin.mx have been extradited to the US from Israel, prosecutors announced today.
The US Attorney’s Office for the Southern District of New York announced today that Gery Shalon and Ziv Orenstein have been extradited after being arrested last year. Both appeared in Manhattan court today and have been indicted on securities fraud and computer hacking charges. The two plead not guilty, according to The Wall Street Journal.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Shalon is alleged to be the owner of Coin.mx, an exchange based in Florida that has been tied to a string of cyberattacks on a number of companies including Wall Street bank JPMorgan, which resulted in the theft of personal data from tens of millions of client accounts. Reports from last year suggest that the alleged operation spanned the globe, targeting a range of major businesses.
The two were arrested in July of last year, prosecutors said, a move that came as charges were filed against alleged co-conspirators Anthony Murgio and Yuri Lebedev, who were accused of running an unlawful money transmission business. Murgio later plead not guilty.
US prosecutors have said that Coin.mx was used as a conduit for funds tied to the alleged cybercrime network.
US attorney Preet Bharara said in a statement:
"For the alleged hacks into numerous U.S. companies, including the largest theft of customer data from a U.S. financial institution in history, in furtherance of their securities fraud, Sharon and Orenstein will now face prosecution in a U.S. court."
US prosecutors have said that Coin.mx skirted money services rules by mis-marking credit card purchases for bitcoin and effectively taking control of a New Jersey credit union to route international transactions. A pastor and former executive of the credit union was later charged for taking bribes in exchange for facilitating that arrangement.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Weekend Sell-Off Hits EdgeX’s Nasdaq-Linked Perp as $13M in Longs Liquidated
A large short placed during off-hours sent EdgeX’s XYZ100 perpetual down nearly 4%, exposing risks in equity-index perps when traditional markets are closed.
What to know:
- A newly created wallet executed a short worth roughly $10 million on EdgeX’s Nasdaq 100–linked perpetual, triggering a rapid 3.5% price drop and a liquidation cascade across long positions.
- With U.S. equity markets closed, traders cannot hedge exposure to the Nasdaq, leaving equity-index perps more susceptible to large orders and thin liquidity.
- EdgeX processed about $167 billion in perp volume last month, underscoring how fast-growing crypto derivatives platforms are pushing into tokenized equities.
Top Stories
