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Top South Korean Scam Crypto Exchange Exec Given 8-year Jail Sentence
27.12.2022
The top executive at a South Korean scam crypto exchange that duped over 50,000 investors out of a combined $1.7 billion will serve an eight-year jail sentence after a court found him guilty of fraud.
Kyeongin Ilbo and Economist.co.kr reported that the Criminal Division of the Suwon District Court...
SBF received special treatment inside Bahamian jail: Report
22.12.2022
Sam Bankman-Fried was held in the sick bay where he reportedly had access to running water, a toilet, a TV, and vegan food
Alameda's Caroline Ellison escapes potentially 110 years in jail via plea deal
22.12.2022
Former Alameda Research CEO could be released on a $250,000 bail, but she's not allowed to leave the United States
‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court as Bahamian, US Legal Team Prep for Extradition
20.12.2022
FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with his U.S. legal team. Furthermore, courtroom reports noted that SBF dozed off for an extended period of time and had to...
$4B OneCoin scam co-founder pleads guilty, faces 60 years jail
19.12.2022
The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering
Sam Bankman-Fried Reverses Decision to Contest US Extradition Request After a Few Nights in Bahamian Jail
18.12.2022
It was just a few days ago that Sam Bankman-Fried, the ex-billionaire CEO of defunct cryptocurrency exchange FTX and hedge fund Alameda, decided to contest a US extradition request for his central role in the FTX meltdown that defrauded thousands of investors. However, after spending a few nights...
Sam Bankman-Fried Reverses Decision to Contest US Extradition Request After a Few Nights in Bahamian Jail
18.12.2022
It was just a few days ago that Sam Bankman-Fried, the ex-billionaire CEO of defunct cryptocurrency exchange FTX and hedge fund Alameda, decided to contest a US extradition request for his central role in the FTX meltdown that defrauded thousands of investors. However, after spending a few nights...
Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request
17.12.2022
Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox Hill, an overcrowded prison known for being filthy...
SBF risks 115 years in jail, Binance’s FUD, and auditors quit crypto: Hodler’s Digest Dec. 11-17
17.12.2022
Bahamas Corrections Commissioner Says FTX Co-Founder Bankman-Fried Is in ‘Good Spirits’ in the Prison Sick Bay
16.12.2022
According to local reports, former FTX CEO Sam Bankman-Fried (SBF) is in “good spirits” and is being kept in the maximum security unit in the sick bay. SBF is held in custody at the Bahamas Department of Correctional Services (BDOCS), a jail called Fox Hill that is known for being filthy, and...
SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’
14.12.2022
On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents...
South Korean Crypto Exchange CEO to Serve 25 Years in Jail After Appeal Fails
2.12.2022
The CEO of a South Korean crypto exchange who was found guilty of murdering his lover by stabbing her and pushing her out of a 19th-storey apartment window has had his appeal rejected – and will serve 25 years in prison....
Read More: South Korean Crypto Exchange CEO to Serve 25 Years in Jail After...
SBF Was ‘Delusional,’ Will ‘Spend Time in Jail’ Says Galaxy’s Mike Novogratz — ‘He Needs to Be Prosecuted’
2.12.2022
Galaxy Digital’s CEO Mike Novogratz talked to Andrew Ross Sorkin on CNBC’s Squawk Box and gave his reaction to Sam Bankman-Fried’s (SBF) recent New York Times (NYT) Dealbook Summit interview. Novogratz said that SBF was “delusional” and insisted that the former FTX CEO needs to be prosecuted...
Mike Novogratz: Bankman-Fried is 'delusional' and headed to jail
2.12.2022
The Galaxy Digital CEO alleges Sam Bankman-Fried and his cohorts perpetuated fraud and suggested they should be in jail
EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'
1.12.2022
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil
Mark Cuban: If I Were Sam Bankman-Fried, I’d Be Afraid of Going to Jail for a Long Time
29.11.2022
The billionaire owner of the NBA team Dallas Mavericks and a Stark Tank star, Mark Cuban, says that if he were the former FTX CEO Sam Bankman-Fried, he would be afraid of going to jail for a long time. “I talked to the guy and thought he was smart … I had no idea he […]
South Korean Man Who Bought Drugs with Bitcoin Given Jail Sentence
25.11.2022
A South Korean man was handed a host of punishments after a court found him guilty of buying narcotics online – using bitcoin (BTC).
News1 reported that the man, aged 43 but unnamed for legal reasons, was convicted by a branch of the Chuncheon District Court Criminal on charges of violating drug...
ETH Hacker Gets 10 Year Jail Term, But BTC Theft ‘May Not Be Criminal’ in China
23.11.2022
Tokens such as ethereum (ETH) and bitcoin (BTC) continue to rest on uneasy legal ground in China – where an ETH hacker who struck in 2018 was recently sentenced to 10 and a half years behind bars. But prosecutors in the country have explained that it could be tricky to convict BTC thieves who have...
Tornado Cash Developer Faces Money Laundering Charges, To Remain in Jail Until At Least February
23.11.2022
Tornado Cash developer Alexsey Pertsev will remain in jail for another three months after being charged with money laundering allegations for the development of the mixing service.
Pertsev, who has been held in detention for the past 100 days, was arrested by Dutch authorities over alleged...
Tornado Cash Developer Alexey Pertsev to Remain in Jail Until at Least Late Februrary
22.11.2022
Pertsev has been in Dutch prison since August, accused of facilitating money laundering for his work on the U.S. Treasury-sanctioned app