Do Kwon Pleads Not Guilty in Expanding TerraUSD Fraud Case

South Korean cryptocurrency entrepreneur Do Hyeong Kwon, co-founder of Terraform Labs pleaded not guilty on Thursday to multiple fraud charges in Manhattan federal court.

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Mango Markets Exploiter Avi Eisenberg Found Guilty of Fraud and Manipulation

NEW YORK – A Manhattan jury has found crypto trader Avi Eisenberg guilty on fraud and market manipulation for his $110 million heist from decentralized finance protocol Mango Markets in October 2022.

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Jury convicts Do Kwon, meme coins enjoy Q1 gains, Ripple to launch stablecoin | Weekly Recap

Last week, a jury in New York declared Terraform Labs and its founder Do Kwon guilty of fraud charges. The meme coin narrative garnered attention, and Ripple looked to launch a USD-backed stablecoin. Here's our weekly recap.

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Jury finds Terraform Labs, Do Kwon guilty on fraud charges 

A New York jury has found Terraform Labs and its Co-Founder, Do Kwon, guilty of deceiving investors about UST's stability.

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British citizen found guilty in $6b Bitcoin fraud scheme 

Wen Jian was found guilty by a London court on one count of Bitcoin money laundering in connection to a $6 billion Chinese investment scam.

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Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg

Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018.

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Mastermind Behind $1.10 Million Crypto Scam Faces 5-Year Sentence

A man in South Korea was found guilty of fraud that cost a South Korean broadcast jockey about $1.10 million. The post Mastermind Behind $1.10 Million Crypto Scam Faces 5-Year Sentence appeared first on BeInCrypto.

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Sam Bankman-Fried Asks for 6.5 Year Prison Term After Conviction in FTX Collapse

Former FTX boss Sam Bankman-Fried (SBF), found guilty of fraud last year and due to be sentenced next month, has asked the court for a 'just' sentence of 63 to 78 months, according to a court filing submitted Tuesday.

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Disgraced FTX Co-Founder Placed On Suicide Watch In Prison, Reveals Former Inmate

Sam Bankman-Fried, the co-founder of the FTX crypto exchange, who was recently found guilty of multiple counts of criminal fraud, reportedly faced a harrowing experience while incarcerated.   According to a former mobster turned federal informant, Gene Borrello, who shared a prison cell with Bankman-Fried, the disgraced crypto executive was placed on suicide watch and endured challenging conditions during his time at Brooklyn Metropolitan Detention Center (MDC) while awaiting sentencing next year.

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Miami Crew Leader Sentenced to 63 Months in Prison for Crypto Fraud

In April, Esteban Cabrera Da Corte pleaded guilty to participating in a crypto scheme that defrauded U.S. banks of $4 million.

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French national pleads guilty to knock-off MAYC NFT fraud

Aurelien Michel has pleaded guilty to defrauding investors. He has agreed to pay $1.4 million in restitution. The creator of the Mutant Ape Planet non-fungible token (NFT) collection, AureliThe post French national pleads guilty to knock-off MAYC NFT fraud appeared first on AMBCrypto.

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Mutant Ape Planet NFT Creator Admits $2.9 Million Rug Pull Scam

Mutant Ape Planet NFT creator, Aurelien Michel, enters a guilty plea for a $2. 9 million "rug-pull" fraud. Analysis, impact, and future trends here. The post Mutant Ape Planet NFT Creator Admits $2.

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'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud

The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S. Department of Justice (DOJ).

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Former FTX, Alameda Executives to Start New Crypto Exchange: WSJ

Two former colleagues of recently convicted Sam Bankman-Fried are building a new crypto exchange, just days after their former CEO was found guilty on seven charges of fraud.

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Cryptoqueen’s OneCoin legal chief pleads guilty to fraud

The former head of legal and compliance at OneCoin faces up to 10 years in prison for her role in the $4 billion crypto trading scheme.

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Former head of compliance at OneCoin pleads guilty; Crypto Queen remains at large

Irina Dilkinska, who reportedly served as “Head of Legal and Compliance” for the supposed crypto project, pleaded guilty to charges of wire fraud and money laundering on Nov. 9 in a Manhattan federal court.

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Head of Multibillion-Dollar Crypto Pyramid Scheme Pleads Guilty

In a major development, Irina Dilkinska, former legal head at OneCoin, has pleaded guilty to wire fraud and money laundering, signaling progress in the high-profile OneCoin fraud case. The post Head of Multibillion-Dollar Crypto Pyramid Scheme Pleads Guilty appeared first on BeInCrypto.

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Season Of Reckoning: Bitcoin Author Exposes DCG Fraud Bigger Than FTX Embezzlement

The aftermath of FTX’s collapse sent ripples across the crypto industry, and the fallout is still being felt almost a year after the exchange’s failure. FTX co-founder and former CEO Sam Bankman-Fried has recently been found guilty and is awaiting sentencing.

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Bankman-Fried declared guilty, Bitcoin reclaims $35K, SEC targets PayPal and SafeMoon | Weekly Recap

Jury declares FTX founder Sam Bankman-Fried guilty of all seven fraud charges; Bitcoin clinches $35K amid sustained run; SEC targets PayPal and SafeMoon.

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Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4

Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal receives subpoena from the U.S. SEC, and Invesco Galaxy’s spot Bitcoin ETF joins DTCC website.

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Guilty: Fallen Crypto King Sam Bankman-Fried Convicted Of $10 Billion Fraud Over FTX’s Spectacular Collapse

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FXT Token (FTT) plummets after SBF was found guilty

FTX token (FTT) plummets to $1. 1579 after founder SBF’s fraud verdict. SBF was found guilty on all seven counts after a 15-day trial. Sam Bankman-Fried sentencing is scheduled for March 28, 2024.

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Sam Bankman-Fried Convicted On 7 Criminal Counts, Faces 110 Years In Prison

After a comprehensive five-week trial, the New York jury rendered a verdict on Thursday, finding the former crypto magnate, Sam Bankman-Fried, guilty on all seven charges, including fraud, embezzlement, and criminal conspiracy.

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Sam Bankman-Fried found guilty in FTX fraud trial, faces decades prison-time

In a significant legal development that could have far-reaching consequences for the cryptocurrency industry, Sam Bankman-Fried, the co-founder of FTX, has been found guilty of all charges in the FTX trial that started on October 3.

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Sam Bankman-Fried Found Guilty On All Charges, Faces Up To 110 Years In Prison

FTX's Sam Bankman-Fried found guilty of all charges, stares down 110 year sentence after crypto exchange imploded in fraud scheme.

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Breaking: FTX founder Sam Bankman-Fried found guilty of all 7 counts

The 12-member jury has found the FTX founder - SBF guilty of seven counts of fraud and money laundering charges The court will now move on to the second trial and the sentencing of the former cThe post Breaking: FTX founder Sam Bankman-Fried found guilty of all 7 counts appeared first on AMBCrypto.

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Sam Bankman-Fried found guilty on all 7 charges in FTX fraud trial

U.S. Attorney Damian Williams called Bankman-Fried’s crimes "a multibillion-dollar scheme designed to make him the king of crypto" and one of the biggest financial frauds in American history.

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Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

A jury found Sam Bankman-Fried guilty on all charges in his criminal fraud trial tied to FTX's operation and collapse.

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The Fall of a Crypto Titan: Sam Bankman-Fried Convicted of Fraud and Conspiracy

After deliberating for just four hours, a jury has found former FTX CEO Sam Bankman-Fried guilty of wire fraud, conspiracy, and money laundering, and the one-time 'golden child' of crypto now faces a maximum sentence of 110 years in prison.

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‘That’s fraud,’ prosecutors say in closing arguments at Sam Bankman-Fried trial

The U.S. government delivered its closing arguments in New York in an effort to convince the jury that SBF is guilty of fraud and conspiracy to commit fraud.

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SBF criminal trial moves to closing arguments

Bankman-Fried pleaded not guilty to all seven counts of fraud charges related to the collapse of crypto exchange FTX.

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SBF Trial Day 5 – How Caroline Ellison’s testimony could become the smoking gun needed for a guilty verdict

The fifth day of the SBF trial included testimony from Alameda Research CEO Caroline Ellison, whose testimony became a pivotal point for the case as she confessed to committing fraud under SBF’s direction.

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SBF ‘Directed Me’ to Commit Fraud: ex-Alameda CEO Caroline Ellison

Former Alameda CEO Caroline Ellison blames SBF for $14B FTX fraud after guilty plea, admits Alameda siphoned customer funds on his orders.

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Caroline Ellison & SBF Relationship Details Unveiled in Salacious Memos

Memos between former FTX CEO Sam Bankman-Fried and his ex-lover Caroline Ellison have been revealed as his trial begins. Ellison, who has pleaded guilty to related fraud charges, may testify against him.

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Sam Bankman-Fried Lost Half a Million Dollars Every Day After Alameda Launched, Michael Lewis Claims

The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.

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Former CEO of sham crypto miner IcomTech pleads guilty to wire fraud for Ponzi scheme

Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges.

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Ex-Deutsche Bank Executive Facing Up To 30 Years In Prison After Pleading Guilty To Crypto Fraud

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Ex-Deutsche Bank investment banker pleads guilty to crypto fraud

The accused made $1.5 million through crypto fraud during November 2020- August 2022. He could face up to 30 years in jail once sentenced. On 10 September, the U.S. Department of Justice (DOThe post Ex-Deutsche Bank investment banker pleads guilty to crypto fraud appeared first on AMBCrypto.

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Crypto Queen’s lawyer to be sentenced without new trial

Mark Scott, associated with the $4 billion OneCoin fraud as the chief legal officer, is set to be sentenced while U.S. District Judge Edgardo Ramos denied his request for trial. Scott was found guilty of laundering roughly $400 million in…

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OneCoin fraud: "CryptoQueen" lawyer denied new trial

The accused, Mark Scott, laundered $400 million through the OneCoin crypto scam, the prosecutors claimed. In November 2019, the court found Scott guilty of money laundering and bank fraud.

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Former Deutsche Bank Banker Poised To Plead Guilty In Crypto Fraud Case

Rashawn Russell, a former investment banker at Deutsche Bank, is reportedly preparing to change his plea to guilty in a cryptocurrency fraud case.  The 27-year-old from Brooklyn, who initially denied defrauding investors, is accused of soliciting investments from friends and colleagues and misusing the funds for personal expenses, including gambling.  According to a Bloomberg report, […]

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Former Deutsche Bank employer pleads guilty to crypto fraud

Rashawn Russell admits wrongdoing after falsely promising investors ‘assured profits’ for their crypto investments.  Rashawn Russell, a former investment banking professional at Deutsche Bank, is preparing to enter a guilty plea on charges of cryptocurrency fraud, according to new court…

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FTX founder Bankman-Fried ‘on bread and water’ in jail, lawyers claim Sixth Amendment violation

Sam Bankman-Fried, the 31-year-old founder of the bankrupt FTX cryptocurrency exchange, pleaded not guilty to a fresh indictment involving fraud and conspiracy. His lawyer voiced concerns about Bankman-Fried’s treatment in jail during his first appearance in Manhattan federal court after…

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BREAKING: FTX’s Sam Bankman-Fried Pleads “Not Guilty” In Latest Hearing

According to a report from Reuters, Sam Bankman-Fried, former CEO and co-founder of the now-bankrupt FTX exchange, has pleaded not guilty to a recent charge accusing him of fraud and conspiracy. This action was taken in the first court appearance of Bankman-Fried since a US court revoked his bail in early August. In a hearing […]

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FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report

Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22.

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Celsius Network Founder Alex Mashinsky Pleads Not Guilty to Fraud

Alex Mashinsky pleads not guilty to fraud following his arrest on multiple charges. The post Celsius Network Founder Alex Mashinsky Pleads Not Guilty to Fraud appeared first on BeInCrypto.

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Alex Mashinsky Pleads Not Guilty on All Counts, Released on Bail

Former CEO of Celsius Network, Alex Mashinsky, was arrested and charged on Thursday with securities and wire fraud among other offenses, according to Reuters: Mashinsky, 57, arrived in federal court...

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Alex Mashinsky's Bail Set at $40M, Travel Restricted

The founder of the bankrupt crypto lender has pleaded not guilty to charges including fraud and manipulation of the CEL token.

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Ex-Celsius CEO Alex Mashinsky's Bail Set at $40M, Travel Restricted

The founder of the bankrupt crypto lender has pleaded not guilty to charges including fraud and manipulation of the CEL token.

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