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BTC Dev Wants to ‘Fix’ Ordinal Inscription ‘Exploit,’ Blackrock Updates ETF Filing, and More — Week in Review
10.12.2023
BTC developer Luke Dashjr wants to “fix” Bitcoin Ordinal inscriptions, as he views them as exploitative, dividing the crypto community. In other news, in a spot bitcoin exchange-traded fund (ETF) filing update, monolithic asset manager Blackrock has noted the possibility of BTC being...
Report: Bankman-Fried Struggles With Extortion Attempts Behind Bars in Brooklyn’s MDC
1.12.2023
Sam Bankman-Fried (SBF), previously a key figure in the crypto sphere, encountered a stark contrast to his past life at the Metropolitan Detention Center (MDC) in Brooklyn. Gene Borrello, a past mob enforcer for the Bonanno crime family, shared insights with journalist Tiffany Fong about the daily...
Philippines Securities Regulator Says Binance Is Operating Without a License
30.11.2023
Crypto exchange Binance is not a registered corporation in the Philippines hence its activities in the country are not above board, the Asian country’s securities regulator has said. The regulator warned of a possible jail term for individuals found enabling Binance’s activities in...
Report: Bankman-Fried Trades Mackerel for a Haircut, Shares Dorm With Ex-Honduran President
26.11.2023
Sources close to the situation have revealed that FTX’s founder, Sam Bankman-Fried, is adapting to his new life at the Metropolitan Detention Center in Brooklyn, New York. Insiders indicate that Bankman-Fried is becoming familiar with the prison’s unique economy, having reportedly...
Martin Shkreli Tells CZ ‘Jail Ain’t so Bad,’ Speculates About Sentence
25.11.2023
Martin Shkreli, also known as ‘Pharma Bro,’ directed his attention to former Binance CEO Changpeng “CZ” Zhao’s situation, with CZ having recently pleaded guilty to money laundering charges as part of a $4.3 billion settlement. “Jail ain’t so bad,”...
Fallen FTX Founder Sam Bankman-Fried Adopts Mackerel as New Currency, Gives Guards Crypto Tips
24.11.2023
Behind bars, Bankman-Fried has adopted mackerel packs as currency and advises guards on crypto amidst his legal turmoil over FTX’s collapse. Image by Fareed Mindalano, DALL-E 3. Sam Bankman-Fried, the disgraced founder of the failed cryptocurrency exchange FTX, has adapted to life behind bars...
It sounds fishy, but SBF really IS trading mackerel in prison: Report
24.11.2023
The former billionaire paid four “macks” for a haircut before his trial while staying at the Brooklyn Metropolitan Detention Center
Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal
17.11.2023
source: gesrey/Adobe South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb. According to the report from Seoul Economic Daily, prosecutors are once again advocating for an eight-year jail term...
South Korean Woman Avoids Jail After Stealing Ex-husband’s $1.3m Crypto Stash
15.11.2023
Source: moon/Adobe A South Korean woman who stole her ex-husband’s $1.3 million crypto stash has been handed a suspended jail sentence. Per Yonhap News, an unnamed woman aged 32 stole the coins from her ex-partner’s crypto wallet after the end of their common-law marriage. The 14th Criminal...
South Korean High Court Sentences Crypto Scammer to 9 Years in Jail
14.11.2023
Source: kwanchaift/Adobe A branch of the South Korean High Court has jailed a convicted crypto scammer who operated a bogus token trading platform for nine and a half years. Per Seoul Kyungjae, the case was heard at the Busan High Court (Ulsan Tribunal) on November 12. The scammer, unnamed...
Caroline Ellison, Gary Wang, and Nishad Singh Might Not be Jailed, Bankman-Fried Faces Decades in Prison: Bloomberg
3.11.2023
Three former close friends and colleagues of FTX co-founder Sam Bankman-Fried have testified against him, potentially leading to minimal jail time for themselves. Caroline Ellison, CEO of Alameda Research, Gary Wang, co-founder of FTX, and Nishad Singh, FTX engineering chief, were key witnesses...
What’s next for the ‘crypto king’ Sam Bankman-Fried?
3.11.2023
The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him."
'Bruno Brock', Founder of Oyster Pearl, Gets Four Year Jail Term for Tax Evasion
1.11.2023
Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million
Oyster Protocol founder gets 4 years jail for $5.5M tax evasion
1.11.2023
31-year-old Oyster Protocol founder Amir Bruno Elmaani — aka “Bruno Block” — has been sentenced to four years imprisonment for tax evasion
NY sues crypto firms, FTX’s Nishad faces 75 years in jail, and Grayscale’s new BTC filing: Hodler’s Digest, Oct. 15-21
21.10.2023
Nishad Singh testifies in Sam Bankman-Fried’s trial; New York sues Gemini, Genesis and Digital Currency Group; and Grayscale files for new spot Bitcoin ETF
Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers
12.10.2023
Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align...
What has Sam Bankman-Fried been up to in jail?
3.10.2023
Here’s how the former FTX CEO may have spent his time behind bars since a judge revoked his bail in August
Sam Bankman-Fried Will Remain in Jail Throughout His Trial Until Mid-November
29.9.2023
Former FTX CEO Sam Bankman-Fried will remain in jail throughout his trial utnil mid-November after the District Judge Lewis Kaplan denied his temporary release to prepare for the trial.
The trial, scheduled to run from October 4th until November 9th, comes after Judge Kaplan denied a motion...
How long could Sam Bankman-Fried go to jail for?
29.9.2023
“I think he’ll get the maximum sentence” — one lawyer predicts the former FTX CEO could look at life behind bars if convicted of all seven charges
FTX founder’s plea for temporary release should be denied, prosecution says
28.9.2023
Sam Bankman-Fried’s renewed request for temporary release from jail prior to his upcoming trial should be denied according to the U.S. government