BitMEX hit with an additional penalty following its 2022 guilty plea

BitMEX fined $100M for AML violations following a guilty plea in 2022. The US court also ordered a two-year probation for the exchange. The operator of BitMEX cryptocurrency exchange, HDR Global Trading Limited, has been ordered to pay a $100 million fine following BitMEX’s guilty plea in 2022 for violating the US Bank Secrecy Act.

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Number of Do Kwon’s victims could exceed one million — court filing

The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.

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Do Kwon Pleads Not Guilty in Expanding TerraUSD Fraud Case

South Korean cryptocurrency entrepreneur Do Hyeong Kwon, co-founder of Terraform Labs pleaded not guilty on Thursday to multiple fraud charges in Manhattan federal court.

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Former Terra CEO Do Kwon Enters Not Guilty Plea In Landmark $40 Billion Crypto Trial

Do Kwon, the South Korean cryptocurrency entrepreneur and co-founder of Terraform Labs, pleaded not guilty on Thursday to a series of criminal fraud charges in a Manhattan federal court.   This comes just days after his extradition from Montenegro, where he had been detained for over a year.

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Do Kwon pleads not guilty in US court to fraud charges

A Manhattan hearing today saw Terraform Labs co-founder, Do Kwon, deny charges tied to the TerraUSD collapse. Do Kwon, the co-founder the co-founder of Terraform Labs, pleaded not guilty to criminal fraud charges in a Manhattan federal court on Thursday…

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Celsius founder Mashinsky pleads guilty to crypto fraud in U.S. court

Alex Mashinsky pleads guilty to fraud and agrees to return $48 million in proceeds. Celsius filed for bankruptcy in 2022 and shifted to Bitcoin mining after emerging in 2023. In a surprisingThe post Celsius founder Mashinsky pleads guilty to crypto fraud in U.S. court appeared first on AMBCrypto.

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Crypto Mixer Jailed For 12.5 Years After $400M Money Laundering Conviction

The founder of a crypto mixing platform will end up in a US prison cell and will call it home for 12. 5 years after a federal court ruled that the crypto firm owner was guilty of money laundering. Related Reading: The $12.

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China sentences man to life for selling state secrets for crypto

A Chinese man convicted of espionage and allegedly receiving more than 1 million yuan through cryptocurrency has been sentenced to life in prison. The People’s Court sentenced Wang Momou to life imprisonment after finding him guilty of espionage, according to…

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Bitcoin crime: Chinese woman pleads not guilty to UK laundering charges

Zhimin Qian, also known as Yadi Zhang, has pleaded not guilty to laundering Bitcoin in a London court. According to Bloomberg, Qian, a Chinese national, was arrested in April and charged with two counts of money laundering. The UK’s Criminal…

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Nishad Singh asks for time served, claiming ‘limited’ role in FTX crimes

The former FTX engineering director pleaded guilty to fraud and conspiracy charges in February 2023 and will return to court on Oct. 30 for a sentencing hearing. 

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Sam Bankman-Fried demands new trial over FTX fraud verdict

Former FTX CEO Sam Bankman-Fried has challenged his 25-year sentence following his five-week trial late last year. According to the New York Times, Bankman-Fried appealed a November 2023 court ruling that found the FTX founder guilty of defrauding investors of…

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Guilty, or not? What’s happening around the Durov’s arrest

The investigation that led to the arrest of Telegram founder Pavel Durov is being conducted against “unspecified people.” What else is going on in this case? Durov was taken to court, where a decision will be made on whether to…

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Crypto Fraudster Gets Slammed: Ex-Banker Gets 41 Years In Prison

In a landmark case highlighting the perils of unchecked cryptocurrency investments, Rashawn Russell, a former investment banker, has been sentenced to 41 months in federal prison. The Eastern New York District Court handed down the sentence after Russell pleaded guilty to wire fraud and identity theft, marking a significant crackdown on digital asset fraud. Related […]

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Crypto personality ‘T.J. Stone’ pleads guilty to wire fraud

Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up…

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Dutch Court Sentences Tornado Cash Developer To 64 Months In Prison For Money Laundering

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Tornado Cash dev Alexey Pertsev’s court verdict is today: Here’s what we know

Tornado Cash developer Alexey Pertsev is facing a lengthy prison sentence should a panel of judges in the Netherlands find him guilty of money laundering charges. That court decision is today, May 14 and comes amid Dutch prosecutors’ recommendation that Pertsev be slapped with a 64-month prison sentence.

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Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B

Dutch court convicts Tornado Cash developer Alexey Pertsev of laundering $1.2 billion, setting the stage for a significant impact on privacy in decentralized finance. The post Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B appeared first on Crypto Briefing.

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BREAKING: Dutch court finds Tornado Cash developer Alexey Pertsev guilty of money laundering.

Сообщение BREAKING: Dutch court finds Tornado Cash developer Alexey Pertsev guilty of money laundering. появились сначала на Coinstelegram.

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Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court

Alexey Pertsev was found guilty of money laundering $1.2 billion worth of crypto.

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U.S Court Jails Former Binance CEO Changpeng Zhao For Four Months

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Samourai Wallet co-founder released on $1M bond after pleading not guilty

Samourai Wallet founders have been charged with money laundering and operating an unlicensed business. Keonne Rodriguez, one of the co-founders, was released on a $1M bond after pleading not guilty in NYC court.

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Samourai Wallet co-founder pleads not guilty, released on $1M bond

The terms of Keonne Rodriguez’s bail prevent him from engaging in “any cryptocurrency transactions, directly or indirectly,” without prior approval from the court.

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Ex-Binance CEO CZ seeks forgiveness and a fresh start in pre-sentencing apology letter

Binance‘s co-founder and former CEO, Changpeng ‘CZ’ Zhao, submitted a letter of apology to the court on April 24. Zhao, who pleaded guilty to criminal charges earlier this year, expressed regret in advance of his upcoming sentencing date.

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Indian Man Pleads Guilty to Creating Spoofed Coinbase Website, Stealing $9.5M in Crypto

According to court documents, Chirag Tomar used his ill-gotten gains to buy Rolexes, Lamborghinis, Porches and more.

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Nigerian court orders Binance executive to remain in prison despite not guilty plea

A Nigerian High Court in Abuja ordered that the detained Binance executive Tigran Gambaryan be remanded in prison following the postponement of his bail hearing. Gambaryan, a US citizen, pleaded not guilty to money laundering charges earlier today and will remain in custody until his bail hearing on April 18.

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British citizen found guilty in $6b Bitcoin fraud scheme 

Wen Jian was found guilty by a London court on one count of Bitcoin money laundering in connection to a $6 billion Chinese investment scam.

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Bitcoin Fog founder convicted in $400m crypto laundering case

The founder of crypto mixing service Bitcoin Fog has been found guilty by a federal court of laundering money linked to illicit drug sales on the dark web.

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Sam Bankman-Fried Asks for 6.5 Year Prison Term After Conviction in FTX Collapse

Former FTX boss Sam Bankman-Fried (SBF), found guilty of fraud last year and due to be sentenced next month, has asked the court for a 'just' sentence of 63 to 78 months, according to a court filing submitted Tuesday.

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Former Binance CEO Changpeng Zhao Faces Delay In Criminal Sentencing

The sentencing of Binance founder Changpeng Zhao, also known as “CZ,” on a money laundering rule charge has been delayed until April 30, a notice in Seattle federal court disclosed. This two-month postponement comes after Zhao, a Canadian national and former Binance CEO, pleaded guilty on Nov. 21 to a charge of failure to maintain […]

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BitMEX Executive Pleads Guilty to Violating Anti-Money Laundering Act

A New York federal court previously sentenced the Mexico-based firm’s co-founders to  probation time and fines for federal compliance failures.

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BitMEX Executive Pleads Guilty to Violating US Anti-Money Laundering Program

A New York federal court previously sentenced the firm’s co-founders to probation time and fines for federal compliance failures.

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Ex-Coinbase Manager pleads not guilty to insider trading charges

Ex-Coinbase Product Manager Ishan Wahi has pleaded not guilty to fraud charges leveled against him by the United States Department of Justice before a Manhattan federal court on August 3. The post Ex-Coinbase Manager pleads not guilty to insider trading charges appeared first on CryptoSlate.

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Coinbase exec at heart of insider trading scandal pleads not guilty in federal court

Ishan Wahi is accused of divulging confidential information about future listings at Coinbase to his brother and an associate in a case that has attracted the SEC’s attention.

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Canadian NetWalker Ransomware Hacker Pleads Guilty in US Court

A former Canadian government worker has pleaded guilty to charges of working for a ransomware gang that realized more than $50 million. The post Canadian NetWalker Ransomware Hacker Pleads Guilty in US Court appeared first on BeInCrypto.

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Chinese court rules marketplace guilty of minting NFTs from stolen artwork

A user of the NFT marketplace NFTCN allegedly poached a creation of an artist and sold it as an NFT for $137 to another user.

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Former Ethereum Developer Virgil Griffith to Be Sentenced in New York Court Tuesday

Former Ethereum developer Virgil Griffith is set to face sentencing in a New York courthouse on April 12 after pleading guilty to one count of conspiracy to violate international sanctions against North Korea last September.

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What happened to the BitMEX founders in New York federal court?

BitMEX co-founders Arthur Hayes and Benjamin Delo have pleaded guilty to breaking anti-money laundering (AML) regulations in the United States Southern District Court of New York. The post What happened to the BitMEX founders in New York federal court? appeared first on CryptoSlate.

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Ripple 'guilty of fraud,' but not securities law violations: Messari's Selkis

Ripple Labs has been fighting the United States Securities and Exchange Commission (SEC) in an ugly court battle for almost a year now. And yet, still, there is no respite in sight. When the blockchaiThe post Ripple 'guilty of fraud,' but not securities law violations: Messari's Selkis appeared first on AMBCrypto.

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North American BitConnect Head Pleads Guilty to Fraud

Glenn Arcaro, head of the North American division of BitConnect, pled guilty in US District Court to conspiracy to commit wire fraud. The post North American BitConnect Head Pleads Guilty to Fraud appeared first on BeInCrypto.

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Former Cryptopia employee pleads guilty to stealing $170K in crypto

A former employee of the now-defunct Cryptopia exchange has admitted to stealing $171,969 worth of crypto. A report unveiled this news on July 5, noting that the ex-employee appeared before Judge Gerard Lynch of the Christchurch District Court on Monday.

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US Court Sentences Another Centra Tech Co-Founder to 8 Years in Jail

Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO).

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Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison

The founder of two cryptocurrency hedge funds has been charged in U. S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments.

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Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers

A U. S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million.

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Court finds blockchain firm guilty of license violation — but CEO vows to fight back

A Dutch court ruled against Apollo for cloning over 75% of its code from blockchain developer Jelurida’s code but failing to adhere to the terms of its license.

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Bitcoin Exchange Owner Convicted of Laundering Fraud Proceeds

According to a press release published on Monday, Sep 28, a Bulgarian national has been found guilty in a U. S. court for his role in a multi-million dollar fraud scheme. The person in question, Rossen Iossifov, is the 53-year-old Bulgarian owner of cryptocurrency exchange ‘RG Coins.

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Singaporean Man Pleads Guilty to Stealing $360,000 From Bitcoin Buyer

A suspect in a robbery case involving Bitcoin has pled guilty in a Singaporean court. The robbery in question is the latest incident in what has become a long list of crypto-related thefts. According to research by CipherTrace, hackers, thieves, and fraudsters had already stolen $1.

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Alleged 17-Year-Old Twitter Hack Mastermind Pleads Not Guilty

On Tuesday, during a court hearing in Hillsborough Circuit Court, the “mastermind” of the Twitter hack pleaded not guilty.

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Russian Court: Bitcoin Theft Not a Crime

A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies.

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Transnational Cybercrime Group Co-Founder Who Amassed $568M Pleads Guilty

The co-founder of the Infraud Organization pleaded guilty to racketeering charges before a U.S. District Court in the District of Nevada.

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