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Former Ethereum Developer Virgil Griffith Seeks Sentence Reduction for Assisting North Korea with Blockchain Technology
18.4.2024
Former Ethereum developer Virgil Griffith, who was sentenced to 63 months in prison in 2022 for assisting North Korea in utilizing blockchain technology, has filed a request for a sentence reduction.
The post Former Ethereum Developer Virgil Griffith Seeks Sentence Reduction for Assisting North...
Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges
14.4.2024
A former security engineer, who stole digital assets valued at more than $12 million from two decentralized exchanges, has received a three-year prison sentence. In what has been characterized as the “first-ever” conviction for a smart contract hack, the U.S. Judge also ordered...
Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Crypto Exchanges
12.4.2024
Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday
Sam Bankman-Fried Files Notice Of Appeal For FTX Trial, Requests To Stay In Brooklyn Federal Jail
11.4.2024
FTX founder Sam Bankman-Fried has formally his notice of appeal for his FTX trial and is requesting to stay in a Brooklyn, New York prison in order to be closer to his legal team, new court filings reveal. The latest legal move for SBF comes as his co-conspirator, Ryan Salame, is set to...
OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme
4.4.2024
Legal Experts Explain Why Sam Bankman-Fried’s 25-Year Prison Sentence Is Fair
4.4.2024
Former FTX customers are finally able to take a sigh of relief knowing that Sam Bankman-Fried has been sentenced to 25 years in prison. Manhattan Federal Judge Lewis Kaplan issued the 25-year sentence to Bankman-Fried, while prosecutors pegged the FTX saga to be one of the biggest financial frauds...
OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme
4.4.2024
“Irina Dilkinska's involvement in the sprawling OneCoin pyramid scheme was a flagrant breach of conduct,” says U.S. Attorney Damian Williams.
The post OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme appeared first on Cryptonews
Breaking: Judge Sentences FTX Founder Sam Bankman-Fried to 25 Years in Prison, Fined $11 Billion
28.3.2024
Disgraced FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison and an $11 billion fine, Judge Lewis A. Kaplan ruled in Manhattan federal courthouse Thursday morning. Kaplan likened Bankman-Fried’s theft of nearly $8 billion in customer funds to “a game,” where...
Breaking: Judge Sentences FTX Founder Sam Bankman-Fried to 25 Years in Prison, Fined $11 Billion
28.3.2024
Disgraced FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison and an $11.02 billion fine, Judge Lewis A. Kaplan ruled in Manhattan federal courthouse Thursday morning. Thursday's sentencing marks what many view as an end to Bankman-Fried's case following his misappropriation...
Former FTX Boss Sam Bankman-Fried Sentenced to 25 Years in Prison
28.3.2024
On Thursday, March 28, 2024, the former head of FTX, Sam Bankman-Fried, received his sentence during a federal court proceeding in Manhattan. U.S. Marshals escorted Bankman-Fried into the courtroom at precisely 9:39 a.m. Eastern Time, as reported by Matthew Russell Lee of Inner City Press. Judge...
How Many Years Will Sam Bankman-Fried Get In Prison, Really?
22.3.2024
Set to be sentenced next week, disgraced FTX founder Sam Bankman-Fried is facing charges that carry a total maximum penalty of over 100 years in prison. Former U.S. Assistant Attorney and white-collar crime expert Kevin J. O'Brien weighs in on the FTX estate and Bankman-Fried's prison time.
The...
South Korean Crypto Exchange Bitsonic Execs Jailed for Price Manipulation
7.2.2024
A Seoul court jailed South Korean crypto exchange Bitsonic executives for manipulating crypto prices – and profiting to the tune of $7.5 million. Newsis reported that the Seoul Eastern District Court sentenced the CEO of the Bitsonic trading platform to seven years in prison. South Korean Crypto...
Onecoin Lawyer Mark Scott Sentenced to 10 Years for Money Laundering
27.1.2024
Mark Scott, a lawyer entangled in the infamous Onecoin cryptocurrency fraud, was sentenced to 10 years in prison by the U.S. District Court. The sentencing comes after a 2019 conviction. Onecoin Lawyer Mark Scott Receives Decade-Long Prison Sentence Mark Scott, a lawyer associated with the infamous...
Trickbot Ransomware Developer Behind $833M Crypto Theft Gets Prison Term
26.1.2024
Source: Pixabay/Pete Linforth A 40-year-old Russian developer of Trickbot ransomware has been sentenced to a five-year prison term, according to the US Department of Justice (DoJ). In a press release dated January 25, the DoJ identified the individual as Vladimir Dunaev from Amur Oblast, Russia....
OneCoin Scam Lawyer Faces Decade Behind Bars for $400 Million Laundering
26.1.2024
Mark Scott, a former partner at U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his involvement in Ruja Ignatova’s OneCoin crypto scam worth nearly $400 million. According to Manhattan federal prosecutors, Scott was found guilty of conspiracy to commit money laundering...
CEO of Crypto Ponzi Scheme IcomTech Handed Five-Year Sentence
22.1.2024
The CEO of a large-scale crypto Ponzi scheme known as IcomTech has been sentenced to five years in prison and ordered to forfeit $914,000 in criminal proceeds. On January 19th, the U.S. Attorney’s Office, Southern District of New York, issued a press release stating that Marco Ruiz Ochoa...
South Korean ‘Bogus Crypto Exchange’ Fraudster Jailed
22.1.2024
Source: MemoryMan/Adobe A South Korean court has sent an individual who provided a bogus crypto exchange with illegal bank documents to prison for four years. Per Busan Ilbo, Judge Kim Jae-yoon of Changwon District Court sentenced an unnamed individual “in their 30s” following a fraud conviction....
OneCoin Crypto Scam: German Court Sentences Fraudsters to Jail
10.1.2024
Source: Svetoslav Radkov/Adobe Founders of the infamous OneCoin cryptocurrency scam have been sentenced to several years in jail by a German court. A German court in Münster on Monday handed down sentences to key accomplices involved in the OneCoin crypto fraud case. The couple Frank Ricketts...
18-Year Old GTA 6 Hacker Sentenced To Life In Hospital Prison
21.12.2023
The 18-year old hacker responsible for stealing and releasing dozens of clips of Grand Theft Auto 6 last year has been sentenced to life in hospital prison. He can only be released in the future if doctors decide he’s no longer a danger to others, the BBC reports. Read more
Miami Crew Leader Sentenced to 63 Months in Prison for Crypto and Bank Fraud
11.12.2023
Source: Department of Justice The U.S. Department of Justice (DOJ) has announced a sixty-three-month prison sentence against a Miami crew leader for using stolen identities to steal $4 million from a crypto exchange. Per a press release from the department late last month, Esteban Cabrera Da Corte...