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United States v. Goklu — Bitcoin Money Laundering Conviction Affirmed

The Second Circuit affirmed Mustafa Goklu's conviction for money laundering and operating an unlicensed money transmitting business based on bitcoin-for-cash exchanges with a DEA undercover agent totaling approximately $130,000. The court rejected Goklu's challenge to jury empanelment, his sufficiency-of-evidence challenge on the unlicensed money transmitter charge, and his challenge to the jury instruction defining 'money transmitting' to include bitcoin-for-cash exchanges. The defendant's sentencing challenges were dismissed as moot because he had completed serving his term of imprisonment.