Category: prison
-
Former CEO Starts Prison Sentence for Dirty Money
•
The Lompoc Federal Correctional Institution closed its doors on a fallen giant this week. Changpeng Zhao, known as “CZ” and the billionaire founder of Binance, the world’s largest cryptocurrency exchange.He began imprisonment for four months A penalty for failing to prevent money laundering on its platform. Binance case spurs regulation…
-
Former CEO Starts Prison Sentence for Dirty Money
•
The Lompoc Federal Correctional Institution closed its doors on a fallen giant this week. Changpeng Zhao, known as “CZ” and the billionaire founder of Binance, the world’s largest cryptocurrency exchange.He began imprisonment for four months A penalty for failing to prevent money laundering on its platform. Binance case spurs regulation…
-
Sam Bankman-Fried Is Set for Prison Transfer amid Appeal Preparations
•
Federal officials have begun the process of transferring Sam Bankman-Fried, founder of cryptocurrency exchange FTX, to a new prison despite his preference to remain in New York to help prepare his appeal. According to a report by the Wall Street Journal today (Wednesday), this decision was made to bypass Bankman…
-
US Prosecutors Push for 5-7 Year Prison Sentence for Ex-FTX Exec
•
Federal prosecutors are demanding a five- to seven-year prison sentence for former FTX CEO Ryan Salama, who was implicated in its multibillion-dollar collapse. His defense team asserts that his sentence should reflect his role in exposing the fraud, and is demanding a reduced sentence of no more than 18 months.…
-
Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison
•
Alexei Burtsev, the developer of the Ethereum-based Tornado Cash cryptocurrency mixer, was sentenced to 64 months in prison after a Dutch court found him guilty of money laundering on Tuesday. The judge stated that the platform was “intended for criminals” and that Burtsev should have suspected the criminal origins of…
-
Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison
•
Alexei Burtsev, the developer of the Ethereum-based Tornado Cash cryptocurrency mixer, was sentenced to 64 months in prison after a Dutch court found him guilty of money laundering on Tuesday. The judge stated that the platform was “intended for criminals” and that Burtsev should have suspected the criminal origins of…
-
Former FTX Exec Ryan Salame Requests 18 Months Prison Sentence
•
Lawyers for Rayan Salama, the former CEO of bankrupt cryptocurrency exchange FTX, who pleaded guilty for his role in the company’s collapse, have asked the court to sentence their client to 18 months in prison at his next hearing scheduled for May 28. according to Judgment memorandum According to what…
-
Tornado Cash Developer Fails to Mix Himself Out of 64-Month Prison Sentence
•
The Oost-Brabant District Court in the Netherlands has sentenced Alexei Burtsev, co-developer of popular cryptocurrency mixing tool Tornado Cash, to 64 months in prison for his role in creating and maintaining the platform. The court alleges that Tornado Cash enables “criminal activity and terrorism” by concealing the origin, destination and…
-
Sam Bankman-Fried Maintains Innocence While Subsisting On Rice And Beans In Prison
•
Sam Bankman-Fried (SBF), a once-respected prodigy in the cryptocurrency world, has traded his penthouse apartment for prison housing. After being convicted of masterminding a multi-billion-dollar fraud at FTX, Bankman-Fried faces a harsh reality far from his former comfortable life. SBF lives on rice and retro games Recent interview Conducted within…
-
Sam Bankman-Fried Maintains Innocence While Subsisting On Rice And Beans In Prison
•
Sam Bankman-Fried (SBF), a once-respected prodigy in the cryptocurrency world, has traded his penthouse apartment for prison housing. After being convicted of masterminding a multi-billion-dollar fraud at FTX, Bankman-Fried faces a harsh reality far from his former comfortable life. SBF lives on rice and retro games Recent interview Conducted within…
-
Binance Founder CZ’s First Words After Receiving 4-Month Prison Sentence
•
Binance founder and former CEO – Changpeng Zhao also known as CZ – received a four-month prison sentence after pleading guilty to violating US anti-money laundering laws at the world’s largest cryptocurrency exchange. In his first tweet after the ruling, CZ revealed his intention to remain an investor and passive…
-
Binance founder Changpeng Zhao gets four months in prison
•
Breadcrumb links News finance Cryptocurrency It allowed cybercriminals and terrorist groups to trade on the world’s largest cryptocurrency exchange Article writer: Bloomberg News Ava penny morrison Published on May 1, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you…