An undergraduate at the Massachusetts Institute of Technology must pay the state of New Jersey $25,000 if he fails to comply with restraints on a Bitcoin-mining program he developed as a school project.
The state Division of Consumer Affairs announced May 26 that it reached a consent order with Jeremy Rubin, a junior at MIT, over his software code called Tidbit. The $25,000 fine will be suspended and automatically vacated in two years if he complies with terms of the settlement, according to a statement from the division.
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