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Shrem Pleads Not Guilty to Money Laundering Charges
The trial of former Bitcoin Foundation vice chairman Charlie Shrem is now set to begin this September.
By Stan Higgins
Updated Sep 11, 2021, 10:43 a.m. Published Apr 29, 2014, 8:11 p.m.
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Former Bitcoin Foundation vice chairman and bitcoin entrepreneur Charlie Shrem has pleaded not guilty to money laundering charges in Manhattan federal court.
The presiding judge has set 22nd September as the date the trial will commence, according to Bloomberg. Shrem’s plea was submitted on his behalf by his lawyer.
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Shrem, 24, was indicted earlier this month by federal prosecutors, who allege that he had facilitated bitcoin payments processing on the now-defunct Silk Road online black marketplace beginning in 2011.
The case had previously been postponed in early April after prosecutors asked for more time to craft a plea deal.
At the time, the case was delayed until 28th April. Shrem was officially indicted on 10th April.
According to official court documents, the bitcoin evangelist and former CEO of BitInstant conspired with Florida resident Robert Faiella to launder money for global drug networks on Silk Road.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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What to know:
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- Most bitcoin developers still view quantum attacks as a distant, manageable threat, noting that proposed upgrades like BIP-360 provide a path to quantum-resistant security and are unlikely to explain short-term price moves.
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