Binance Founder Changpeng Zhao Should Spend Three Years in Prison, DOJ Says

Binance's founder and former chief executive, Changpeng "CZ" Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws, the U.S. Department of Justice said Tuesday night.

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Crypto trader Avi Eisenberg faces up to 20 years in prison for $110 million Mango Markets fraud

In December 2022, crypto trader Avi Eisenburg was arrested in Puerto Rico for defrauding crypto Mango Market users of $110 million. In a trial yesterday in New York statements from both sides were being heard by a jury of 12 members.

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Crypto Mining $3.5 Million Scheme: Man Indicted For Alleged “Cryptojacking” Operation

A Nebraska man has been indicted with several criminal charges by the New York authorities for allegedly conducting a $3. 5 million crypto scheme. The press release revealed that the accused could face up to 30 years in prison if found guilty.

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Ex-Amazon engineer sentenced to 3 years in prison for $12m crypto hack

A former Amazon software engineer Shakeeb Ahmed was sentenced to three years in prison for exploiting smart contracts

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Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Crypto Exchanges

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.

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What awaits FTX after Sam Bankman-Fried’s 25-year sentence?

What does the future hold for the platform now that Bankman-Fried faces decades in prison, and is there any chance for a revival of the FTX exchange? Once a leading name in the crypto world, FTX faced a dramatic downfall…

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OneCoin Scandal: Legal Head Sentenced to Four Years Prison for Aiding Crypto Fraud

Irina Dilkinska's four-year sentence marks a significant chapter in the OneCoin scandal, underscoring the legal system's commitment to dismantling financial fraud and restoring market integrity.

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OneCoin’s legal chief sentenced 4 years for $4.4b crypto fraud

United States District Judge Edgardo Ramos has sentenced Irina Dilkinska, the ex-head of legal and compliance for the notorious OneCoin Ponzi scheme, to four years in prison. On April 3, the U.S. Attorney’s office announced the sentencing that follows Dilkinska’s…

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FTX's Sam Bankman-Fried Sentenced to 25 Years in Prison, Dogecoin Dev Speaks on DOGE Payments on X, SHIB Price History Hints at Double-Digit Gains in April: Crypto News Digest by U.Today

Read U.Today's news digest to find out about latest events in crypto industry!

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Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried has been sentenced to 25 years in prison.   FTX imploded in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange FTX, has been sentenced to 25 years in prison.

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Sam Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried has been sentenced to 25 years in prison for running a crypto business that devastated thousands of investors.

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Sam Bankman-Fried sentencing today: Disgraced ex-FTX head could get up to 110 years in prison

Today marks a critical juncture for the cryptocurrency industry as disgraced former crypto tycoon Sam Bankman-Fried faces sentencing on multiple fraud charges. Disgraced king of crypto Once hailed as the “King of Crypto” and the visionary leader behind the multi-billion-dollar company FTX, Bankman-Fried now stares down the possibility of up to 110 years in prison, […]

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Sam Bankman-Fried Getting Ready For Prison Sentence? US Gov’t Gets Greenlight To Sell Assets

As Sam Bankman-Fried, the founder and former chief executive officer (CEO) of defunct crypto exchange FTX readies for his prison sentence, prosecutors have formally requested the court to authorize the sale of two jets linked to the former crypto billionaire.

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Do Kwon officially released from Montenegro prison amid extradition drama, Terra surges 20%

Do Kwon, the South Korean crypto fugitive, was reportedly set free from prison in Montenegro over the weekend.

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Bankman-Fried’s lawyers decry proposed 50-year sentence as ‘medieval view of punishment’

Sam Bankman-Fried’s lawyers criticize prosecutors’ 50-year prison proposal as distorted, amid wire fraud and conspiracy accusations related to his crypto empire’s downfall. U.S. prosecutors’ proposal to put FTX founder Sam Bankman-Fried in prison for as long as 50 years adopts…

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Is FTX’s Sam Bankman-Fried Ditching Prison? Lawyers Reveal Daring Next Steps

A recent court filing revealed plans that the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), had drafted to ensure he avoids jail term. SBF, whose sentencing comes up on March 28, faces the possibility of spending up to 100 years locked behind bars.

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Crypto Fraudster Sam Bankman-Fried Should Be Locked Up For Upto 50 Years, Prosecutors Say

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Sam Bankman-Fried deserves 40-50 years in prison, prosecutors say

Sam Bankman-Fried, the disgraced former CEO of collapsed crypto exchange FTX, deserves a jail term of not less than 40 years, US prosecutors said on Friday. According to the sentencing memo the Department of Justice, Southern District of New York, filed on Friday, what Bankman-Fried needs is 40 to 50 years in prison. The prosecution […]

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Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says

Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world's largest crypto exchanges.

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Las Vegas CEO faces 127 years for crypto laundering linked to cartels and charity fraud

The CEO of a Las Vegas Internet company could face a 127-year prison sentence following his conviction for laundering over $4 million with Bitcoin, funds connected to Mexican cartels, and a hacked charity, according to the Department of Justice. Martin…

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Sam Bankman-Fried Cites Autism Disorder As Reason To Avoid 100 Years In Prison

In a high-profile case that has garnered considerable attention, Sam Bankman-Fried, the disgraced CEO of the now-bankrupt FTX crypto exchange, is seeking a lighter sentence, citing his autism spectrum disorder.

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Sam Bankman-Fried uses time in jail to promote Solana

FTX's former CEO reportedly shared crypto market tips with the guards in prison, recommending they invest in Solana.

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FTX’s Bankman-Fried is ‘deeply sorry’ for $8b fraud, pushes for shorter sentence

FTX’s Bankman-Fried seeks mercy, apologizes for $8 billion fraud, and implores the judge to reject the recommended 100-year jail term. Sam Bankman-Fried, the disgraced founder of the FTX crypto exchange, is trying to get a shorter prison sentence after he…

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From Crypto To Gangster? SBF’s First Photo In Jail Comes To Light

Following his conviction from a US court, the founder of crypto exchange FTX, Sam Bankman Fried (SBF), has been spending his days in Brooklyn’s Metropolitan Detention Center (MDC). The crypto mogul, one of the wealthiest individuals on earth, exchanged luxury penthouses for a prison cell.

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Gaunt photos of FTX founder Sam Bankman-Fried in prison emerge online

The first photos of Sam Bankman-Fried, the convicted founder of the bankrupt FTX exchange, at New York’s Metropolitan Detention Centre, have emerged online from crypto influencer Tiffany Fong.

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This Crypto Exchange CEO Just Got Served a 7-Year Prison Sentence

Allegations against Bitsonic's CEO include disguising the exchange's operations while profiting from users and manipulating token prices, while the CTO faces charges for interfering with trading operations to benefit the CEO's schemes.

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Miami Crypto Fraud Case Ends With Crew Leader Receiving 63-Month Prison Sentence

Esteban Cabrera Da Corte, a Miami gang leader, has been handed a 63-month prison sentence by a federal court in New York for orchestrating a cryptocurrency scam that defrauded US banks and a prominent exchange of over $4 million.

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Disgraced FTX Co-Founder Placed On Suicide Watch In Prison, Reveals Former Inmate

Sam Bankman-Fried, the co-founder of the FTX crypto exchange, who was recently found guilty of multiple counts of criminal fraud, reportedly faced a harrowing experience while incarcerated.   According to a former mobster turned federal informant, Gene Borrello, who shared a prison cell with Bankman-Fried, the disgraced crypto executive was placed on suicide watch and endured challenging conditions during his time at Brooklyn Metropolitan Detention Center (MDC) while awaiting sentencing next year.

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Miami Crew Leader Sentenced to 63 Months in Prison for Crypto Fraud

In April, Esteban Cabrera Da Corte pleaded guilty to participating in a crypto scheme that defrauded U.S. banks of $4 million.

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Crypto Stories: Charlie Shrem tells how he became a Bitcoin millionaire

Shrem made a fortune off his Bitcoin payment service, BitInstant, but then went to prison for alleged money laundering.

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US Citizen Jailed for Impersonating Apple, Stealing Crypto and NFTs

A Los Angeles man has been sentenced to eight years in prison for fraud, including stealing cryptocurrencies and NFTs by impersonating an Apple support worker and gaining unauthorized access to victims' iCloud accounts.

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Crypto Scam Artist Obliged To Pay $1.2M For NFT Theft By Impersonating Apple Support

In the latest crypto investigation by US authorities, a Los Angeles man was sentenced to eight years in federal prison and ordered to pay $1.2 million in restitution to his victims for orchestrating a series of scams in which he posed as an Apple support representative and stole non-fungible tokens (NFTs) and cryptocurrency. Amir Hossein […]

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FTX’s Sam Bankman-Fried Requests To Be Released From Prison, Court Responds

The former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), will have to remain in jail pending his sentencing and a possible appeal. This comes after the court recently ruled on his request for bail.

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Sam Bankman-Fried’s ‘Mackerel Currency’ Creates A Stir In Prison

Sam Bankman-Fried, currently facing legal repercussions in the aftermath of FTX’s troubles, has transitioned his focus from crypto to a unique form of currency: mackerel. In the grim confines of a prison, where inmates are deprived of both traditional and digital currency, the desperation for substitutes unfolds.

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SBF Shares Hot Crypto Tips with Prison Guards: Report 

Explore how Sam Bankman-Fried (SBF) is spending his time in prison, providing prison guards with crypto tips. The post SBF Shares Hot Crypto Tips with Prison Guards: Report  appeared first on BeInCrypto.

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Sam Bankman-Fried swaps Bitcoin for mackerel in prison

The FTX founder participates in ‘prisonomics’ at a Brooklyn detention center where demand for mackerel pouches outshines interest in Bitcoin and crypto. Convicted FTX founder Sam Bankman-Fried has battered seafood delicacies with fellow inmates during his time at the Brooklyn…

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From Crypto To Catch: Disgraced FTX Founder Turns To Trading Fish In Prison

According to a report by Business Insider, Sam Bankman-Fried (SBF), co-founder and former CEO of FTX, has adapted to the economic system of New York’s Metropolitan Detention Center (MDC), where he is currently awaiting sentencing on multiple felony counts.

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Cryptoqueen’s OneCoin legal chief pleads guilty to fraud

The former head of legal and compliance at OneCoin faces up to 10 years in prison for her role in the $4 billion crypto trading scheme.

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OneCoin compliance head pleads guilty in multi-billion dollar crypto scam

Irina Dilkinska entered a guilty plea weeks after OneCoin co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison for a multi-billion dollar crypto pyramid scheme.

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Legal expert says FTX founder set for “double time” in prison

Crypto lawyer John E. Deaton opined that Sam Bankman-Fried is most likely to spend multiple decades in prison after a 12-person jury unanimously found FTX’s founder guilty on all seven counts.

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FTX Founder Sam Bankman-Fried Headed To Prison, What Was He Convicted Of?

The jury in the trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), gave its verdict on November 2 in what signals the beginning of the end for the one-time billionaire who faces a long prison term following his conviction.

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Sam Bankman-Fried Convicted On 7 Criminal Counts, Faces 110 Years In Prison

After a comprehensive five-week trial, the New York jury rendered a verdict on Thursday, finding the former crypto magnate, Sam Bankman-Fried, guilty on all seven charges, including fraud, embezzlement, and criminal conspiracy.

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What’s next for the ‘crypto king’ Sam Bankman-Fried?

The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him.“

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Sam Bankman-Fried Found Guilty On All Charges, Faces Up To 110 Years In Prison

FTX's Sam Bankman-Fried found guilty of all charges, stares down 110 year sentence after crypto exchange imploded in fraud scheme.

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The Fall of a Crypto Titan: Sam Bankman-Fried Convicted of Fraud and Conspiracy

After deliberating for just four hours, a jury has found former FTX CEO Sam Bankman-Fried guilty of wire fraud, conspiracy, and money laundering, and the one-time 'golden child' of crypto now faces a maximum sentence of 110 years in prison.

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Jury Will Decide If FTX’s Sam Bankman-Fried Will Go To Prison Starting Today

The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), is gradually coming to an end as the defendant’s fate could be decided starting on November 2. The defendant faces up to 110 years if found guilty of all charges by members of the jury.  Time For A Verdict In […]

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Tax Evasion Puts Oyster Protocol’s Founder In Jail For 4 Years

The court has sentenced Amir Bruno Elmaani, the founder of the defunct crypto firm Oyster Protocol, to four years in prison for evading taxes. According to the US Attorney’s Office’s October 31 statement, 31-year-old Elmaani, alias Bruno Block, received the sentence after pleading guilty on April 6.

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FTX Ramps Up Restitution Efforts, Subpoenas AI Firm CAIS Over $6.5M Investment

Bankrupt crypto exchange FTX, led by newly appointed CEO John Ray III, has embarked on an intensive legal campaign to regain control and recover assets in its pursuit of financial restitution.   As founder Sam Bankman-Fried awaits possible conviction and faces a staggering 114 years in prison if found guilty, FTX’s asset recovery plan continues under Ray’s leadership.

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FTX Legal Counsel Takes The Stand: A Testimony That Could Send Sam Bankman-Fried To Prison

The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 19 with the witness testimony of Can Sun, a former General Counsel at FTX. During direct examination, Sun provided details that further implicated the defendant as the prosecution rested its case.

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