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2/14/2017
09:35 AM
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JPMorgan Breach: New Witness Delays Trial Of Bitcoin Exchange Suspects

Trial proceedings of pastor Trevon Gross and Yuri Lebedev has been delayed; jury selection will take place Feb. 14.

Trial proceedings of two defendants in a bitcoin exchange case related to the JPMorgan Chase hack was delayed, and jury selection pushed to Feb. 14., after prosecutors produced a new witness in the case, Reuters reports. Philip Burgess, who was an investor in the credit union of which defendant Trevon Gross was chairman, claimed to have incriminating information.

After much deliberation over the concern that Gross and Burgess shared the same law firm, U.S. District Judge Alison Nathan said prosecutors could not produce Burgess in court and decided to resume the proceedings today.

Gross, who is a pastor, in addition to Yuri Lebedev and seven others, has been charged in connection with the 2014 JPMorgan data breach of over 83 million accounts. Gross and Lebedev are not being accused of hacking, but of being associated with Coin.mx, the illegal exchange used to convert stolen money into bitcoin. Gross is charged with accepting $150,000 in bribes to allow hackers to use the credit union for their illegal transactions.

Read Reuters for details.

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