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Bitcoin stock exchange operator arrested over fraud charges

NEW YORK: The operator of a shuttered bitcoin-denominated exchange was arrested on federal charges that he lied to U.S. securities regulators to avoid taking responsibility for the theft by hackers of virtual currency now worth nearly $70 million. Federal prosecutors in Manhattan announced the charges against BitFunder founder Jon Montroll the same day the U.S. Securities and Exchange Commission filed a lawsuit accusing him and the company of running an unregistered securities exchange that defrauded its users. “As…