Coin.mx

Coin.mx (Coin.mx)

Coin.mx was an internet-based bitcoin exchange and money-transmission service that operated primarily from 2013 to July 2015, and later became known for U.S. federal criminal proceedings alleging it functioned as an unlicensed money services business and used deceptive practices to obtain and maintain access to the banking system. (justice.gov)

Overview

According to the U.S. Department of Justice (DOJ), Coin.mx was operated without required compliance with certain anti–money laundering (AML) regulatory obligations applicable to money services businesses, including registration and licensing requirements. (justice.gov)

Prosecutors alleged that Coin.mx and its operators attempted to evade bank scrutiny by using a purported front business called “Collectables Club”, presenting activity as collectible/memorabilia-related rather than bitcoin-related. (justice.gov)

Legal proceedings and allegations

U.S. federal prosecutors alleged that Coin.mx:

• processed bitcoin-related transactions while misrepresenting the nature of card transactions and encouraging misleading descriptions to banks; (justice.gov)
• facilitated millions of dollars in bitcoin exchanges during its operation. (justice.gov)

In related public filings and press releases, prosecutors also stated that Gery Shalon owned Coin.mx and that Anthony Murgio operated it in the United States at Shalon’s direction. (justice.gov)

The DOJ later announced that the operator of the unlawful exchange was sentenced to more than five years in prison in connection with a multimillion-dollar money laundering and fraud scheme. (justice.gov)

Website and current status

As of February 2026, the domain coin.mx no longer presents an operating cryptocurrency exchange. Opening the site results in a domain-for-sale landing page hosted by a domain marketplace (Atom). (coin.mx)

Historical marketing claims (contemporary reporting)

Prior to the shutdown period described by prosecutors, Coin.mx was promoted in cryptocurrency media as offering services such as credit-card deposits and other funding methods. (bitcoinmagazine.com)

If you want, I can also summarize (1) the key individuals named in the case and (2) the timeline (with exact dates) as described in the DOJ releases.