Damus
Libertas Primordium · 11w
They weren't prosecuted for writing software. They hosted a service and collected a fee and they knew full well that done of the people using the service they were hosting were engaging in illegal act...
tdub profile picture
They pleaded to conspiracy to run an unlicensed money transmitting business.

FinCEN told them they did not need a license and did not have a process in place to allow non-custodial entities to get a license.

Their prosecution was political and nothing they did was actually illegal under the letter of the law.
OceanSlim · 11w
They charged a fee to route through their servers. Other people transmitted money on their servers. This is the legal grey area... Sure they didn't transmit any money themselves, but their servers coordinated other people transmitting money. It's only a step removed. They should have never been publ...