Ryan Kennedy, founder of the now-defunct dogecoin service for Moolah exchanges. His trial began in UK this week.
According to the Sun newspaper, Kennedy is also named as Alex Green while operating the exchange. He was denied eight charges of fraud, money laundering and fraudulent trading.
During 2014, Kennedy is suspect for stealing in excess of $1.33 million in Bitcoin. However, over three years the investigation has been control by British authorities.
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Denied eight charges of fraud
Reportedly, the first case of fraud involving cryptocurrency will be declares with the U.K. legal system. In a Bristol court though a video link from the city jail, Kennedy appeared wherein he was serving time for rape. According to the news, this case was a “very complex and sophisticate fraud”, prosecutors describes.
The Moolah exchange is a well-known platform for buying and selling dogecoin. Presently, it is the 49th largest cryptocurrency. Later on, Kennedy purchased the MintPal exchange, which distorted in late 2014 following increasing assertions of scam.