U.K. man sentenced to 4 years for illegal crypto ATM operation

Olumide Osunkoya has been sentenced to four years in prison for illegally operating cryptocurrency automated teller machines in the United Kingdom. The 46-year-old faced charges related to running crypto ATMs through his company, GidiPlus, with machines installed at multiple locations…

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Bitcoin trader jailed after hiding millions worth of BTC from U.K. court

A British man was jailed for nearly five months after failing to disclose his Bitcoin holdings during a legal dispute with another cryptocurrency trader.  Graham Darby, 50, was sentenced to 18 months in prison for contempt of court but was…

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FTX’s Ryan Salame’s prison sentence shortened by over year: report

FTX exec Ryan Salame’s prison sentence has been shortened by over a year, with his new release date set for March 2031. Ryan Salame, a former top executive at the failed cryptocurrency exchange FTX, reported to federal prison in October…

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Ex-South Korean Lawmaker Sentenced to Six Months for Concealing Cryptocurrency Assets

A former South Korean legislator from the Democratic Party received a six-month prison term for deliberately withholding significant cryptocurrency holdings from his mandatory financial disclosures, in a case that has drawn fresh scrutiny to the transparency standards for public officials in one of Asia’s major economies.

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Роджер Вер обвинил власти США в политическом преследовании

Основатель Bitcoin. com Роджер Вер обвинил американское правительство в политически мотивированном преследовании за его высказывания и роль в продвижении биткоина. Roger Ver is facing life in prison for revealing how the US government worked secretly to subvert cryptocurrency and prevent economic freedom.

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Celsius Founder Alexander Mashinsky Pleads Guilty To $4.7 Billion Fraud Charges

Alexander Mashinsky, the former CEO of the now-bankrupt cryptocurrency lender Celsius, has pleaded guilty to two counts of fraud, facing a potential maximum sentence of 30 years in prison.  This development comes in the wake of multiple charges filed by the US Department of Justice (DOJ), which originally accused him of seven counts related to […]

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China sentences man to life for selling state secrets for crypto

A Chinese man convicted of espionage and allegedly receiving more than 1 million yuan through cryptocurrency has been sentenced to life in prison. The People’s Court sentenced Wang Momou to life imprisonment after finding him guilty of espionage, according to…

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Austria’s largest fraud trial sees five sentenced in connection to $21.6m crypto scam

An Austrian court has sentenced five individuals linked to the EXW-Token scam to prison, in one of the largest cryptocurrency fraud trials in the country’s history. According to a report from local media, the sentencing followed a year-long trial and…

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FTX’s Nishad Singh asks to be spared from prison sentence

Former FTX head of engineering, Nishad Singh, urged a Manhattan federal judge to exempt him from a prison sentence for his role in the fall of the cryptocurrency exchange platform. As reported by Bloomberg on Oct. 16 lawyers representing Nishad…

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IcomTech ‘Crypto Ponzi Scheme’ Founder Sentenced to 10 Years in Prison

David Carmona, the founder of IcomTech, has received a nearly 10-year prison sentence for running a cryptocurrency Ponzi scheme

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Caroline Ellison sentenced to 2 years for role in FTX crypto fraud

Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison by District Judge Lewis A. Kaplan. Her involvement in the collapse of cryptocurrency exchange FTX and its affiliated hedge fund, Alameda Research, has been central…

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Binance founder CZ to be released from prison on September 29, confirms US Federal Bureau of Prisons

CZ's release may impact Binance's regulatory scrutiny and market dynamics, potentially influencing the broader cryptocurrency landscape. The post Binance founder CZ to be released from prison on September 29, confirms US Federal Bureau of Prisons appeared first on Crypto Briefing.

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Coinbase hacker jailed 3.5 years for stealing from over 500 users

A hacker has been sent to prison for draining over $900,000 from the accounts of several Coinbase users. Elliot Gunton, a resident of the United Kingdom, and his accomplices designed fake websites that mimicked the prominent cryptocurrency exchange. Coinbase users…

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US sanctions Venezuela’s Tren de Aragua for cryptocurrency crimes and human trafficking

The US Department of the Treasury has sanctioned the Tren de Aragua, a notorious criminal organization originating from Aragua, Venezuela. The group, initially a prison gang, has expanded across the Western Hemisphere, engaging in various illegal activities, including the unlawful use of cryptocurrencies for criminal purposes.

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Former Binance CEO CZ Begins 4-Month Prison Sentence in California

Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world's largest cryptocurrency exchange.

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Crypto Fraudster Gets Slammed: Ex-Banker Gets 41 Years In Prison

In a landmark case highlighting the perils of unchecked cryptocurrency investments, Rashawn Russell, a former investment banker, has been sentenced to 41 months in federal prison. The Eastern New York District Court handed down the sentence after Russell pleaded guilty to wire fraud and identity theft, marking a significant crackdown on digital asset fraud. Related […]

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Sam Bankman-Fried Maintains Innocence While Subsisting On Rice And Beans In Prison

Sam Bankman-Fried (SBF), the once-revered wunderkind of the cryptocurrency world, has traded his penthouse for a prison dorm. Following his conviction for orchestrating a multi-billion dollar fraud at FTX, Bankman-Fried is facing a harsh reality far removed from his former life of luxury.

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Slap On The Wrist? DOJ Faces Backlash For Letting Binance Founder Off Easy For AML Failures

Changpeng Zhao, the ousted CEO of cryptocurrency exchange giant Binance, walked away from court this week with a sentence many see as a slap on the wrist. Zhao, better known in the crypto world as “CZ,” received four months in prison for failing to implement sufficient anti-money laundering (AML) safeguards at Binance. Related Reading: Stagflation […]

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Changpeng “CZ” Zhao sentenced to 4 months in prison

Former Binance CEO Changpeng “CZ” Zhao has been sentenced to four months in prison for money laundering violations. The sentencing comes after Zhao pleaded guilty last November to failing to establish a proper anti-money laundering program at Binance, the largest cryptocurrency exchange by trading volume.

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Binance founder Changpeng Zhao sentenced to 4 months in prison

The Founder of the Binance cryptocurrency exchange, Changpeng Zhao, was sentenced to four months in prison

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Binance Founder Changpeng Zhao Sentenced to 4 Months in Prison

Changpeng "CZ" Zhao, the founder of cryptocurrency giant Binance, has been sentenced to two years in prison after pleading guilty to violating the Bank Secrecy Act, reflecting heightened regulatory scrutiny in the crypto sector.

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Binance Founder CZ’s Trial Begins Today: Lawyers Discuss Potential Prison Time

Changpeng Zhao, also known as CZ, the founder and former CEO of Binance, one of the largest cryptocurrency exchanges, is awaiting sentencing in a highly-anticipated court hearing in Seattle set to begin on Tuesday.

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Binance sued in Canada, CZ could serve 36 months in prison: Law Decoded

Cryptocurrency exchange Binance is under legal pressure in Canada and the Philippines, while U.S. prosecutors are demanding 36 months in prison for Changpeng Zhao.

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US Prosecutors Want Binance Founder Changpeng Zhao to Serve 3 Years Behind Bars

Federal prosecutors are pushing for a tougher 3-year prison term for Binance founder and former CEO Changpeng “CZ” Zhao in connection with his role in the global cryptocurrency exchange’s violation of sanctions and money laundering laws.

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Former Amazon Engineer Sentenced for Hacking DeFi Protocols

Shakeeb Ahmed, a former Amazon engineer, was sentenced to three years in prison for hacking two cryptocurrency exchanges, leading to over $12 million in theft and significant financial restitution and forfeiture.

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Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Crypto Exchanges

Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday.

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OneCoin Scammer Gets 4 Years Jail Sentence — Justice Served?

OneCoin, the cryptocurrency project that morphed into a notorious pyramid scheme, continues to cast a long shadow. Yesterday, Irina Dilkinska, the former head of Legal and Compliance for OneCoin, was sentenced to four years in prison by US District Judge Edgardo Ramos for her role in the multi-billion dollar scam. Related Reading: Move Over Gold, […]

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Sam Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried has been sentenced to 25 years in prison for orchestrating the $8 billion fraud scheme that precipitated the collapse of the cryptocurrency exchange FTX. Following his conviction on seven counts of wire fraud and conspiracy in November 2023, the former billionaire entrepreneur received his sentence.

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BREAKING: Sam Bankman-Fried Sentenced To 25 Years In Prison

In a highly anticipated courtroom verdict, Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. US District Judge Lewis Kaplan delivered the judgment during a Lower Manhattan federal courtroom hearing.

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FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison

In a pivotal ruling, Sam Bankman-Fried receives a 25-year sentence for fraudulent activities leading to significant financial losses, casting a shadow over cryptocurrency's future. The post FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison appeared first on BeInCrypto.

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Sam Bankman-Fried sentencing today: Disgraced ex-FTX head could get up to 110 years in prison

Today marks a critical juncture for the cryptocurrency industry as disgraced former crypto tycoon Sam Bankman-Fried faces sentencing on multiple fraud charges. Disgraced king of crypto Once hailed as the “King of Crypto” and the visionary leader behind the multi-billion-dollar company FTX, Bankman-Fried now stares down the possibility of up to 110 years in prison, […]

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FTX Founder Sam Bankman-Fried Could Face 50 Years in Prison

Sam Bankman-Fried, convicted of a historic financial fraud, faces 50 years in prison, highlighting the risks and need for regulation in the cryptocurrency industry. The post FTX Founder Sam Bankman-Fried Could Face 50 Years in Prison appeared first on BeInCrypto.

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OneCoin scandal sees Konstantin Ignatov released, expresses remorse for $4.4b fraud

Konstantin Ignatov has been released after serving 34 months in prison for his involvement in the OneCoin cryptocurrency scam, a scheme that fraudulently claimed $4.4 billion from investors.  The release followed a court decision by Judge Edgardo Ramos, who applied…

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OneCoin Lawyer Mark Scott handed a 10-year sentence

In a significant legal development, Mark Scott, a lawyer implicated in the notorious OneCoin cryptocurrency pyramid scheme, has been sentenced to 10 years in federal prison. This follows his conviction for bank fraud and money laundering related to the OneCoin project, which amassed nearly $4 billion between 2014 and 2016.

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Miami Crypto Fraud Case Ends With Crew Leader Receiving 63-Month Prison Sentence

Esteban Cabrera Da Corte, a Miami gang leader, has been handed a 63-month prison sentence by a federal court in New York for orchestrating a cryptocurrency scam that defrauded US banks and a prominent exchange of over $4 million.

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Binance Promotion In The Philippines: Here’s Why You Could Face Up To 21 Years In Prison

According to a Reuters report, the Philippines Securities and Exchange Commission (SEC) has taken steps to restrict access to Binance, the world’s largest cryptocurrency exchange in terms of trading volume.

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Crypto Scam Artist Obliged To Pay $1.2M For NFT Theft By Impersonating Apple Support

In the latest crypto investigation by US authorities, a Los Angeles man was sentenced to eight years in federal prison and ordered to pay $1.2 million in restitution to his victims for orchestrating a series of scams in which he posed as an Apple support representative and stole non-fungible tokens (NFTs) and cryptocurrency. Amir Hossein […]

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Former Bithumb Chairman Faces Eight-Year Prison Sentence For $85 Million Fraud

In a recent development, South Korean prosecutors have requested an eight-year prison sentence for Lee Jung-hoon, the former chairman of the board of directors of Bithumb, the country’s second-largest cryptocurrency exchange.

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Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

In a landmark verdict, Pablo Renato Rodriguez, the co-founder of AirBit Club, has been sentenced to 12 years in prison by US District Judge George B. Daniels.   According to the US Department of Justice (DOJ), Rodriguez, along with his co-conspirators, masterminded a sprawling global pyramid scheme that defrauded investors of millions of dollars through false promises of cryptocurrency trading and mining profits.

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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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OneCoin Co-Founder’s Fate: Two Decades In Prison And A $300 Million Fine

Karl Greenwood, co-founder of the OneCoin cryptocurrency scam, has been sentenced to 20 years in prison and ordered to repay $300 million. This scam, associated with the notorious “Cryptoqueen” Ruja Ignatova, defrauded millions of victims worldwide, resulting in a total loss of $4 billion.

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Founder of Turkish crypto exchange sentenced to over 11,000 years in prison

Thodex once stood as one of Turkey's largest cryptocurrency exchanges, but it abruptly went offline in April 2021. The collapse of the exchange had a profound impact on Turkish citizens, as cryThe post Founder of Turkish crypto exchange sentenced to over 11,000 years in prison appeared first on AMBCrypto.

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UK Court Sentences Crypto Fraudsters to More Than Six Years in Prison

London police announce tough sentences for a pair who lured investors with promises of big returns on a nonexistent cryptocurrency. The post UK Court Sentences Crypto Fraudsters to More Than Six Years in Prison appeared first on BeInCrypto.

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SIM Swap Hacker “PlugwalkJoe” Sentenced to 5 Years, Fined $794K

Hacker “PlugwalkJoe” Sentenced to 5 Years for $794K SIM Swap Attack on Crypto Exchange Executive Joseph O’Connor, a British hacker known as PlugwalkJoe, has received a five-year prison sentence in the United States for orchestrating a SIM swap attack that resulted in the theft of $794,000 worth of cryptocurrency from a crypto exchange executive in […] Сообщение SIM Swap Hacker “PlugwalkJoe” Sentenced to 5 Years, Fined $794K появились сначала на Coinstelegram.

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PlugwalkJoe Gets 5-Year Sentence For $794,000 SIM Swap Crypto Hack – Details

Joseph O’Connor, a British hacker who operated under the pseudonym PlugwalkJoe, has been given a five-year prison sentence in the United States. His conviction stems from his involvement in a SIM swap attack targeting a high-profile cryptocurrency exchange executive in April 2019, resulting in the theft of digital assets valued at approximately $794,000. Having initially […]

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Crypto Scammer and Former Terraform Labs CEO Do Kwon Sentenced to Jail

Do Kwon, once a celebrated figure in cryptocurrency, faces a four-month prison term for passport fraud. This comes amid ongoing charges of fraud following a digital tokens collapse, leading to a $40 billion loss.

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Former Minnesota Vikings Co-Owner Headed to Jail for Crypto Scam

Reggie Fowler, former co-owner of the NFL's Minnesota Vikings, has received a lengthy prison sentence for his part in a $750 million cryptocurrency scam. The post Former Minnesota Vikings Co-Owner Headed to Jail for Crypto Scam appeared first on BeInCrypto.

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French citizen jailed for buying car illegally with bitcoin in Morocco

A 21-year-old French citizen has been sentenced to 18 months in prison and fined €3.4 million for using cryptocurrency, deemed illegal by Morocco, according to court records.

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Terra's Do Kwon Facing 40 Years in Prison

Disgraced cryptocurrency entrepreneur Do Kwon could be facing unprecedented jail term of up to 40 years in South Korea

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