Former Fed Employee Fined for Installing Bitcoin Software on Fed Server

By Timothy Sohn Jan 30, 2017 8:01 PM EST

(The Wall Street Journal) – A former Federal Reserve employee was sentenced to 12 months’ probation and issued a $5,000 fine for installing unauthorized bitcoin software on a Fed server, a government watchdog said Monday. Nicholas Berthaume, who worked as a network systems communications analyst at the Fed board in Washington, installed the software so he could connect to an online bitcoin network to earn bitcoins, the Fed’s inspector general said.

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