prison

In a groundbreaking case that attracted significant attention in China, a university student named Yang Qichao was sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for “fraud” in issuing a cryptocurrency…

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…

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…

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…

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…

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…

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…

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…

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.…

Breadcrumb linksNewsfinanceCryptocurrencyIt allowed cybercriminals and terrorist groups to trade on the world's largest cryptocurrency exchangeArticle writer:Bloomberg NewsAva penny morrisonPublished on May 1, 2024 • 5 minute read…