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Former FTX exec Ryan Salame to give up $5.9M Bahamas property
3.5.2024
Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd
Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement
2.5.2024
Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case
Nigerian court postpones money laundering trial of Binance and execs
2.5.2024
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents
FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme
2.5.2024
The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation
Wyoming Senator Slams DOJ’s Take on Non-Custodial Crypto Software, Vows to Protect User Rights
2.5.2024
Wyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument regarding non-custodial software. Lummis’s remarks follow the DOJ’s reply brief on the indictment against Tornado Cash developer Roman Storm’s motion to dismiss. Senator Lummis...
Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase
1.5.2024
Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a...
Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?
1.5.2024
One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in
18 Years In Prison for NYC Woman Behind Bitcoin Terrorism Financing in Syria
1.5.2024
Victoria Jacobs, aka Bakhrom Talipov, was sentenced to 18 years in prison by a New York State court jury after being found guilty of funding Syrian terrorism through Bitcoin.
The post 18 Years In Prison for NYC Woman Behind Bitcoin Terrorism Financing in Syria appeared first on Cryptonews
Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
1.5.2024
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Dr. Aaron Lane
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
30.4.2024
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million
Changpeng Zhao four-month prison sentence lighter than expected
30.4.2024
Prosecutors initially sought to charge the former Binance executive with 36 months
Ex-Binance CEO Changpeng Zhao sentenced to four months in prison
30.4.2024
Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond
Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash
30.4.2024
Lawyers for Terraform Labs and its founder Do Kwon are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion, new court docs reveal. Kwon and the crypto company were found liable for the Terra-Luna collapse by a jury trial...
Binance Founder Changpeng Zhao to Appear in Court Today for Sentencing
30.4.2024
Binance founder and former CEO Changpeng "CZ" Zhao will learn how much time, if any, he'll spend in prison Tuesday
Samourai Wallet co-founder pleads not guilty, released on $1M bond
29.4.2024
The terms of Keonne Rodriguez’s bail prevent him from engaging in “any cryptocurrency transactions, directly or indirectly,” without prior approval from the court
Terraform proposes $1M penalty for SEC case, no relief or disgorgement
29.4.2024
Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case
SEC Launched Formal Investigation Into Ethereum’s Security Status Over a Year Ago, New Court Filing Shows
29.4.2024
A new court filing claims that the U.S. Securities and Exchange Commission (SEC), led by Chair Gary Gensler, initiated a formal investigation into ethereum’s potential classification as a security more than a year ago. SEC Enforcement Division Director Gurbir Grewal approved a formal...
SEC And Gary Gensler Believed Ether Was A Security For At Least A Year, New Court Docs Reveal
29.4.2024
The United States Securities and Exchange Commission (SEC) and its Chair Gary Gensler appear to have believed Ether (ETH) was a security for at least a year, new court documents unveiled Monday reveal. News of the damning court filing comes amidst Consensys' legal battle with the federal regulator...
Bankruptcy judge signs off on $450M FTX-Voyager settlement
29.4.2024
According to the terms of the deal, FTX will “relinquish any and all rights” to $450 million Voyager Digital has claimed from the crypto exchange
SEC and Gensler believed Ether was security for at least a year
29.4.2024
In April 2023, Gensler refused to answer repeated questions on whether the SEC believed Ether to be a security