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US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame


Prosecutors argue that former FTX executive Ryan Salame's crimes warrant a substantial prison term, beyond the 18 months previously requested by his lawyers, with sentencing scheduled for May 28. The post US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame appeared first on Cryptonews

Tornado Cash developer sentenced to 64 months for money laundering


The Dutch court has pronounced Alexey Pertsev guilty of money laundering, with a sentence of a 64-month-long jail term passed.  It was a three-judge bench that passed the verdict pertaining to the Tornado Cash builder for money laundering, amounting to $2.2 billion in unlawful assets.  There is...

Over One Million Pudgy Penguin Toys Sold in the Past Year


The Pudgy Penguins NFT project has achieved a remarkable milestone, with more than one million Pudgy Penguin toys sold over the past 12 months. The post Over One Million Pudgy Penguin Toys Sold in the Past Year appeared first on Cryptonews

Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC


Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. News of the fine comes just over a week after former...

CFTC Chairman Says Expect Regulators to Crack Down on More Crypto Firms


The Commodity Futures Trading Commission chairman Rostin Behnam said cryptocurrency firms can expect to see more enforcement action from U.S. regulators in the next 6 to 24 months as retail interest in the asset class increases. The post CFTC Chairman Says Expect Regulators to Crack Down on More...

Crypto CEO’s final verdict: From 25 Years to 4 Months


The conflict between two leading cryptocurrency figures, Changpeng Zhao, the CEO of Binance, and Sam Bankman-Fried, the CEO of FTX, is finally over, as shown by two significant court rulings in the USA. Zhao’s four-month imprisonment in Seattle brought an anticlimactic conclusion to their...

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