Search
SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder
9.5.2022
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice...
Alleged Hydra Administrator Dmitry Pavlov Reportedly Arrested In Russia
16.4.2022
A district court in Moscow has arrested a man whom local media reports identify as Dmitry Pavlov, alleged administrator of the recently shut down darknet market Hydra. Russian authorities believe he has been involved in drug-related crime punishable by up to 20 years in prison. Moscow Court Arrests...
Guy Buys NFT For $2.9 Million, Asks for $48 Million, Is Offered $3600
14.4.2022
Sina Estavi is a “crypto entrepreneur”, who last year bought a digital token representing Twitter founder Jack Dorsey’s first ever tweet. He paid $2.9 million for it, and this month sought to make good on his “investment”, putting it up for auction with an expectation it could net him $48 million....
Buyer of ‘Jack Dorsey Tweet’ NFT Is Out of Prison and Under Fire From Investors
13.4.2022
Sina Estavi says he’s trying to make it right with holders of BRG, the token that crashed after his arrest in Iran last year. Investors have their doubts
Ethereum Developer Virgil Griffith Sentenced to 5+ Years in US Prison for Violating North Korean Sanctions
13.4.2022
An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Korea. According to the U.S. Department of Justice (DOJ), his presentation provided the Kim Jong...
Former Ethereum Developer Virgil Griffith Sentenced to 5+ Years in Prison for North Korea Trip
12.4.2022
Former Ethereum developer Virgil Griffith will serve TK YEARS in prison for helping North Koreans use cryptocurrencies to evade sanctions
Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex
12.4.2022
The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s...
Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex
3.4.2022
Members of the team of the now defunct Turkish crypto exchange Thodex may receive thousands of years in prison, if the court backs the prosecutor’s plea in the case. The trading platform’s CEO has been missing for the past year since Thodex suspended activities in a suspected exit...
Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison
15.3.2022
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry...
‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement
14.3.2022
A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government...
Pokémon Card Fraudster Sentenced To Three Years In Prison
8.3.2022
Last year a Georgia man was charged by federal prosecutors after allegedly lying to apply for a Covid disaster loan, then turning around and spending it on a single Pokémon card. He has now admitted his guilt and been sentenced to prison.Read more
Making the Metaverse the key to a better future instead of a dystopian prison
5.3.2022
The digitization of humanity via AI and the metaverse is already inevitable, but will it lead us to a decentralized, better world or to a dystopian nightmare?
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect
27.2.2022
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years...
'It Seems Like A Prison,' And Other Online Reactions To Nintendo's Headquarters
23.2.2022
If you’ve been to Kyoto, you might have made the journey out to Nintendo’s headquarters—well, at least, to stand outside the gates.Read more
Nintendo Thanks Feds For Sending Hacker To Prison For 3 Years
11.2.2022
Recently indicted Nintendo hacker Gary Bowser has been handed a 40-month prison sentence by the U.S. District Court for the Western District of Washington for creating and selling “console-hacking software and devices used to play pirated Nintendo Switch games.” This is according to a victory...
‘Romantically Involved’ USD 3.8m XRP Thieves Sent to Prison for 7 Years
26.1.2022
A couple who stole over some USD 3.76m worth of XRP tokens from a crypto investor in 2017 have been handed seven-year jail sentences after an appeals court in South Korea ruled that the duo should spend the best part of a decade behind bars....
Read More: ‘Romantically Involved’ USD 3.8m...
Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins
19.1.2022
A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare to address the lack of proper regulations for cryptocurrency mining, which has become a popular source of income in Russia....
Illegal Crypto Miners Threatened With Jail Time in Russia
17.12.2021
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state...
Crypto Violators May Face Prison Time Under India’s New Proposal - Report
7.12.2021
The Indian government is reportedly considering appointing a new regulator specifically to oversee the cryptocurrency space, while also saying those who violate regulations could face fines of up to USD 2.7m or 1.5 years in prison....
Read More: Crypto Violators May Face Prison Time Under...
Founder of Coin Signals Funds Pleads Guilty in Crypto Scam — Faces up to 10 Years in Prison
2.12.2021
The founder and manager of several cryptocurrency funds has pleaded guilty to luring investors to his crypto investment scam. His funds consistently lost money and his scam left investors with a $5 million loss, according to the U.S. Department of Justice (DOJ). Investors Scammed Into Investing...