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Judge sentences SEC hacker to 14 months in prison


A federal judge has sentenced Eric Council Jr., one of the individuals responsible for posting a fake message announcing regulatory approval of spot Bitcoin exchange-traded funds, to 14 months in prison.Following a May 16 hearing in the US District Court for the District of Columbia, the Justice...

SEC hacker sentenced to 14 months in prison


A federal judge sentenced Eric Council Jr., who participated in posting a fake announcement on the US Securities and Exchange Commission’s X account saying it would approve spot Bitcoin (BTC) ETFs, to 14 months in prison.Following a May 16 hearing in the US District Court for the District...

SEC hacker sentenced to 14 months in prison


A federal judge sentenced Eric Council Jr., who participated in posting a fake announcement on the US Securities and Exchange Commission’s X account saying it would approve spot Bitcoin (BTC) ETFs, to 14 months in prison.Following a May 16 hearing in the US District Court for the District...

US man who sent crypto to ISIS could serve prison till he’s 65


A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria.Federal Judge David Novak sentenced Mohammed Azharuddin Chhipa to 30 years and four months...

Celsius’ Mashinsky lashes out at ‘death-in-prison sentence’


Alex Mashinsky, the founder and former CEO of bankrupt crypto lending platform Celsius, has blasted the government's 20-year “venom-laced” sentence request, declaring it a “death-in-prison sentence.”The US Department of Justice requested Mashinsky receive at least 20 years...

Celsius’ Mashinsky lashes out at ‘death-in-prison sentence’


Alex Mashinsky, the founder and former CEO of bankrupt crypto lending platform Celsius, has blasted the government's 20-year “venom-laced” sentence request, declaring it a “death-in-prison sentence.”The US Department of Justice requested Mashinsky receive at least 20 years...

What do crypto users want to happen to Alex Mashinsky?


Crypto users are weighing in as Alex Mashinsky, the former CEO of Celsius Network, prepares to stand before a judge on May 8 to face sentencing for commodities fraud and a fraudulent scheme to manipulate the price of the platform’s token.In a May 2 filing in the US District Court for...

What do crypto users want to happen to Alex Mashinsky?


Crypto users are weighing in as Alex Mashinsky, the former CEO of Celsius Network, prepares to stand before a judge on May 8 to face sentencing for commodities fraud and a fraudulent scheme to manipulate the price of the platform’s token.In a May 2 filing in the US District Court for...

Sam Bankman-Fried moved to a low-security prison — so what?


Sam “SBF” Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, to a low-security US federal correctional institutionBankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously, he was located at the Victorville...

Prosecutors seek over 6 years prison for Mango Markets exploiter


US federal prosecutors have asked a district judge to sentence Avraham “Avi” Eisenberg, the crypto user convicted of the $110 million exploit of the decentralized exchange Mango Markets in 2022, to at least six and a half years behind bars.Ahead of Eisenberg’s May 1 sentencing...

Prosecutors seek over 6 years prison for Mango Markets exploiter


US federal prosecutors have asked a district judge to sentence Avraham “Avi” Eisenberg, the crypto user convicted of the $110 million exploit of the decentralized exchange Mango Markets in 2022, to at least six and a half years behind bars.Ahead of Eisenberg’s May 1 sentencing...

Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison


The Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified as the main operator of Braiscompany, a Brazilian crypto scheme that raised over $100 million from nearly 20,000 investors. Brazilian Crypto Ponzi Scheme Operators...

Sam Bankman-Fried's latest California prison once housed Al Capone


Former FTX CEO Sam “SBF” Bankman-Fried has moved from a transit facility to a California prison that once housed infamous gangster Al Capone.According to the Federal Bureau of Prisons website, officials moved Bankman-Fried from the Federal Transfer Center in Oklahoma City briefly to...

NFT trader faces prison for $13M tax fraud on CryptoPunk profits


A non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, according to the US Attorney’s Office for the Middle District of Pennsylvania.Waylon Wilcox, 45, admitted to filing false...

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