Federal prosecutors to downsize crypto lawsuits

Relief for crypto businesses increasingly materialized as prosecutors stated plans to reduce crackdowns after President Donald Trump’s re-election.

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The FTX co-founder proved ‘outstanding assistance’ to the US authorities. What awaits him now?

FTX co-founder Gary Wang, convicted of misusing funds at a fictitious crypto exchange, may face punishment after his case goes to trial. On Nov. 13, prosecutors in the U.S. District Court for the Southern District of New York filed a…

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US bids to seize Bankman-Fried’s crypto allegedly used in China bribes

Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried.

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Caroline Ellison reports to federal prison to start sentence

Caroline Ellison, the former chief executive officer of Alameda Research, has begun her two-year prison sentence following her conviction related to the FTX crypto exchange collapse. Ellison, who reached a plea deal with U.S. prosecutors and served as the star…

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US prosecutors recommend leniency for former FTX executive Nishad Singh following ‘substantial assistance’

US prosecutors have requested that the court favorably consider former FTX executive Nishad Singh’s “substantial assistance” during their investigation into the failed crypto exchange, according to an Oct.

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Bitfinex Hacker Ilya Lichtenstein Should Serve 5 Years in Prison, DOJ Says

Prosecutors have requested that Ilya “Dutch” Lichtenstein, who pleaded guilty last year to the 2016 hack of crypto exchange Bitfinex, should spend five years behind bars for his crime.

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US prosecutors urge judge to hand Bitfinex hack mastermind five-year sentence

The Bitfinex crypto hack resulted in the theft of 120,000 Bitcoin Ilya Lichtenstein used a series of sophisticated methods to hide the stolen funds between 2016 and 2022 He told his wife and co-conspirator about the hack in 2020 who then helped him to hide the stolen assets US prosecutors have told a judge that […] The post US prosecutors urge judge to hand Bitfinex hack mastermind five-year sentence appeared first on CoinJournal.

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US prosecutors push for 5 year prison sentence for Bitfinex-hack mastermind

US prosecutors urged a Washington federal judge that Ilya Lichtenstein, the mastermind who extracted 120,000 Bitcoin ($8 billion) by hacking into the Bitfinex crypto exchange, should get five years in prison.

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Prosecutors Charge Two Crypto Market Makers and Employees with Market Manipulation and Fraud

Сообщение Prosecutors Charge Two Crypto Market Makers and Employees with Market Manipulation and Fraud появились сначала на Coinstelegram.

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US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal

On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector.

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US charges 4 companies, 14 individuals with crypto fraud

Four cryptocurrency companies and 14 individuals have been charged in what U. S. prosecutors describe as the first criminal prosecution targeting market manipulation and sham trading in the crypto industry.

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Prosecutors Charge Four Crypto ‘Market Makers,’ Employees With Market Manipulation, Fraud

Gobit and ZM Quant were secretly offering market manipulation services to projects that wanted to artificially inflate their trading volume, prosecutors allege.

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2 pig butcher busts: Feds recover $5M, ex-Kansas bank CEO jailed

United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.

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Craig Wright Referred To UK Prosecutors For Alleged Perjury In Bitcoin Authorship Case

The Bitcoin authorship saga continues after a UK judge directed Craig Wright’s case to British prosecutors for alleged perjury and forgery of documents. The direction follows the latest ruling in the legal battle between the Australian computer scientist and the Crypto Open Patent Alliance (COPA).

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Florida Man Pleads Guilty to Wire Fraud Conspiracy Tied to Forcount Crypto Ponzi

Juan Tacuri, oe of the top promoters in the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors around the world of a collective $8.4 million – has pleaded guilty to his role in the operation, federal prosecutors announced Wednesday.

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Epoch Times CFO charged with $67m crypto money laundering scheme

Bill Guan, the chief financial officer of The Epoch Times, a far-right international media company, is accused of taking part in a multi-million crypto laundering scheme. U.S. federal prosecutors unsealed an indictment on Jun. 3, charging Weidong “Bill” Guan, the…

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CZ sentenced and SBF’s deal: April’s crypto crime round-up

Do Kwon remains in a tug-of-war between the U.S. and South Korea. Meanwhile, prosecutors are continuing to clamp down on crypto mixers. April’s been a pretty significant month when it comes to crypto crime. Where else to start than with…

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US prosecutors investigate crypto transactions at Jack Dorsey’s Block

The U.S. Attorney's Office is examining the financial transactions of Jack Dorsey's Block.

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Week in crypto: CZ’s sentencing, Shiba Inu’s impressive growth, & Ripple vs. SEC’s new turn

The crypto market ended the week with various notable headlines, with Binance, Shiba Inu (SHIB), and Ripple (XRP) dominating trends over the last seven days. Binance founder faces a 36-month jail term New legal updates reveal former Binance CEO and founder Changpeng Zhao awaits sentencing for violating the United States’ money-laundering regulations. US prosecutors asked for a […]

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Samourai Wallet Founders Arrested and Charged With Money Laundering

Federal prosecutors charges Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers.

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SEC prosecutors quit after ‘abuse of power’ in DEBT Box case

Two SEC lawyers, Michael Welsh and Joseph Watkins, have resigned from the agency due to “materially false and misleading representations” made in a crypto case last year.

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Taiwanese Crypto Exchange Founder Charged With Money Laundering And Fraud

David Pan, the founder of the Taiwanese crypto exchange ACE, alongside six other suspects, has been charged by prosecutors with fraud and money laundering. According to the official press release, a court ruled the confiscation of Pan’s assets.

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Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges

U. S. federal prosecutors charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday, saying the exchange operated in the U. S. , lied to at least one of its investors about operating in the U.

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Sam Bankman-Fried Getting Ready For Prison Sentence? US Gov’t Gets Greenlight To Sell Assets

As Sam Bankman-Fried, the founder and former chief executive officer (CEO) of defunct crypto exchange FTX readies for his prison sentence, prosecutors have formally requested the court to authorize the sale of two jets linked to the former crypto billionaire.

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Bankman-Fried’s lawyers decry proposed 50-year sentence as ‘medieval view of punishment’

Sam Bankman-Fried’s lawyers criticize prosecutors’ 50-year prison proposal as distorted, amid wire fraud and conspiracy accusations related to his crypto empire’s downfall. U.S. prosecutors’ proposal to put FTX founder Sam Bankman-Fried in prison for as long as 50 years adopts…

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Crypto Fraudster Sam Bankman-Fried Should Be Locked Up For Upto 50 Years, Prosecutors Say

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FTX’s Sam Bankman-Fried Should Receive A 50-Year Jail Sentence: Prosecutors

The prosecutors in the fraud case against the former CEO of the now-defunct FTX exchange, Sam Bankman-Fried (SBF), have now suggested a jail sentence to the court. This development comes as the sentencing of the former crypto billionaire is slated for later this month.

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Sam Bankman-Fried deserves 40-50 years in prison, prosecutors say

Sam Bankman-Fried, the disgraced former CEO of collapsed crypto exchange FTX, deserves a jail term of not less than 40 years, US prosecutors said on Friday. According to the sentencing memo the Department of Justice, Southern District of New York, filed on Friday, what Bankman-Fried needs is 40 to 50 years in prison. The prosecution […]

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Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says

Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world's largest crypto exchanges.

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Craig Wright ‘Committed Perjury’ in U.K. Trial Over Satoshi Claims, COPA Says

The Crypto Open Patent Alliance said it will ask U.K. prosecutors to consider pursuing Wright for “perjury” over his defense of forgery allegations.

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Man Who Laundered Billions in Bitcoins Says Bitcoin Fog Was a Help: Bloomberg

Ilya Lichtenstein, one of the crypto industry's most high-stakes criminals, is now helping federal prosecutors in their case against Bitcoin Fog, one of the mixing services he said he'd used to conceal assets.

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Judge Signs Off on Binance's $4.3B Plea Deal With U.S. Prosecutors

A federal judge approved the U.S. Department of Justice's $4.3 billion fine on Binance after the crypto exchange pleaded guilty to violating anti-money laundering laws last November.

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Swiss prosecutors raid crypto hedge fund Tyr over its exposure to FTX

Raided by a Swiss prosecutor, Tyr Capital Partners is facing accusations of criminal mismanagement due to its ties to FTX. The Switzerland-based crypto hedge fund, Tyr Capital Partners, came under scrutiny in August 2023 after investors raised concerns about its…

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Binance under fire: prosecutors eye 5-year oversight

U.S. prosecutors have called for stringent oversight of the Binance crypto exchange, proposing up to five years of monitoring. 

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Binance Settlements Could End Death-Spiral Fears – And Might Be Good News

The crypto exchange Binance's expensive deal with U.S. prosecutors this week bears harsh consequences, but could mean a positive outlook for the company in the long term.

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SafeMoon CEO John Karony’s bail postponed while courts assess level of flight risk

According to court documents dated Nov. 9, a judge has partially granted U. S. prosecutors’ request to counter the bail of John Karony, the CEO of crypto platform SafeMoon. A filing from New York prosecutors indicates that a Utah magistrate judge, Daphne A.

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Taiwan detains key JPEX executives amidst fraud investigation

The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports, Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto…

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Crypto Trader Avi Eisenberg's $110M Fraud Trial Delayed Until April 2024

Crypto trader Avi Eisenberg's trial will start in April 2024 after defense and prosecutors agreed to delay the proceeding, first scheduled for December.

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SBF trial day 17: FTX founder pitched as a criminal and a victim in closing arguments

Attorneys for the government and defense delivered their closing arguments in United States v Sam Bankman-Fried, the trial over FTX’s multi-billion dollar collapse where prosecutors allege that the founder built his crypto empire atop a “pyramid of lies”.

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Sam Bankman-Fried Throws Caroline Ellison Under Bus in Testimony

The former crypto billionaire's lawyer focused on trying to spin prosecutors' narrative about FTX and Alameda Research's collapse in a way more favorable to SBF.

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LIVE: Sam Bankman-Fried's Judge Sends Jury Home So He Can Hear FTX Founder First at Crypto Fraud Trial

Prosecutors rested their case on Thursday, so SBF's defense lawyers are calling witnesses now.

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SBF trial day 12: FTX founder misled in-house lawyers on Alameda; use of customer funds

Prosecutors called FTX general counsel Can Sun to the stand following financial forensics and evidence of internal communications potentially implicating Sam Bankman-Fried in criminal wrongdoing at his crypto exchange and trading firm, Alameda Research.

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‘Oh, Yes’: Accounting Prof Says Sam Bankman-Fried’s FTX Definitely Mishandled Customers' Money

Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried's tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange's demise.

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Sam Bankman-Fried Witness Contrasts His Public Comments With FTX's Dangerous Secrets

Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried's tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange's demise.

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Singapore Launches Dedicated Task Forces to Fight Tech and Crypto Crimes

Singapore has established two task forces and deployed 20 prosecutors to combat rising crypto crimes and other technology-assisted illicit activities. The post Singapore Launches Dedicated Task Forces to Fight Tech and Crypto Crimes appeared first on BeInCrypto.

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Sam Bankman-Fried's Lawyers Test the Judge's Patience

It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team.

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Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trial

London-based cocoa broker Marc-Antoine Julliard responded to questions from prosecutors on crypto he held on FTX in November 2022.

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No Jury Yet, but We're Getting There

Sam Bankman-Fried had a grin on his face as he entered court on Tuesday morning – clad in a black suit and an uncharacteristically tame (read: closely trimmed) mop of hair. After nine long months, the disgraced crypto founder will finally have the chance to defend himself against a wide array of federal fraud and conspiracy charges tied to the collapse of FTX, his crypto and futures exchange, and Alameda Research, the crypto trading firm he founded and – according to prosecutors – used to illegally re-invest FTX user funds.

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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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