Charlie Shrem Released on $1m Bail After Silk Road Money Laundering Arrest

BitInstant CEO Charlie Shrem has today been released on bail following a court appearance.

Shrem appeared before the US District Court in Manhattan this morning, walking out shortly after on a $1m bond.

The CEO was arrested at New York’s John F Kennedy International Airport on Monday. He faces serious money laundering charges, brought by the US Attorney’s Office in Manhattan.