BitInstant is a payment processor for various Bitcoin exchanges and other merchants. Customers of these exchanges and other merchants can easily make a. Charlie Shrem, co-founder of the now-defunct BitInstant, is out of prison and spending time with family and friends in the state of Pennsylvania. Shrem, the CEO of the now-defunct BitInstant, spent almost a year and a half inside Lewsiburg Federal Prison Camp on a 24 month sentence.
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