Arizona Bitcoin Trader in Custody Following Police Raid


A bitcoin advocate and dealer in Arizona stays in custody after his residence was raided final week by federal officers.

Thomas Costanzo was arrested on 20th April through the raid after legislation enforcement found that he was in possession of ammunition – a reported violation of an settlement stemming from a previous conviction.

Costanzo, who additionally goes by the title “Morpheus Titania“, operates a bitcoin website, by means of which he presents buying and selling providers, in addition to ATM and mining merchandise.

Court paperwork obtained by CoinDesk reveal that US Magistrate Michelle Burns has ordered Costanzo to remain in custody till trial following a listening to held immediately. According to the doc, Costanzo has been deemed a “serious flight risk”, with Burns citing his previous prison historical past and “a record of prior failure to appear in court as ordered”, in line with the doc.

As beforehand reported, officers, led by the Department of Homeland Security, obtained a search warrant that granted them permission to grab property together with the cryptocurrencies bitcoin, ethereum and sprint, in addition to software program associated to digital currency. However, up to now, Costanzo has solely been charged for illegal possession of ammunition.

Maria Weidner, a public defender representing Costanzo, didn’t instantly reply to a request for remark.

Gavel image by way of Shutterstock

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