Avi Eisenberg could face up to 20 years in prison after a conviction of wire fraud, commodities fraud and commodities manipulation related to a $110 million Mango Markets exploit.
Crimes News
In the digital era, crimes have transcended physical boundaries, manifesting in various forms online. Online crimes encompass a broad range, from identity theft and phishing to credit card fraud, exploiting the vulnerabilities of internet users. Simultaneously, digital crimes involve unauthorized access, manipulation or theft of digital data, leading to data breaches and cyber espionage, posing significant threats to individuals and organizations alike.
Within this landscape, cryptocurrency crimes have emerged, leveraging the decentralized nature of digital currencies. For instance, ransomware attacks encrypt data and demand cryptocurrency payments for the decryption keys, while crypto fraud schemes use phony initial coin offerings (ICOs) or Ponzi schemes to trick unsuspecting investors. The illegal use of other people’s devices for unauthorized cryptocurrency mining is known as “cryptojacking.” Darknet markets allow for the anonymous exchange of cryptocurrencies between buyers and sellers, facilitating illicit trade.
Moreover, pump-and-dump schemes manipulate cryptocurrency prices for profit, showcasing the intricacies of this digital criminal landscape. Law enforcement agencies and cybersecurity experts collaborate to combat these offenses, emphasizing cybersecurity awareness and robust measures to safeguard against evolving threats in the online and crypto realms.
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Griffith’s attorneys are asking for a sentence reduction from 63 months to 51 months or less.
1465Avi Eisenberg could face up to 20 years in prison if found guilty of commodities fraud and manipulation related to his alleged October 2022 exploit of Mango Markets.
1085Prosecutors claim the “cryptojacking” scheme stole cloud computing resources to mine nearly $1 million worth of crypto.
1770Former FTX CEO Sam Bankman-Fried received a 25-year sentence after his conviction on seven felony counts, and many are speculating on what that could mean for Changpeng Zhao.
34582The notice of appeal was filed electronically on April 11, nearly two weeks after the former FTX CEO was sentenced to 25 years in prison.
4453District Judge Andrew Carter said Benjamin Delo “was central” to an alleged scheme to use customer information to manipulate prices on the exchange.
2342Jim Lee said his move was partly due to Chainalysis “[leading] the way from the private sector in making cryptocurrency safe.”
1904In an email screenshot shared by ZachXBT, an IRS criminal investigations agent asked if he could help him make the “biggest impact” in tackling blockchain crime.
11367Binance ex-boss CZ will be sentenced in April, and the ring of FTX executives that admitted to fraud are also set to be sentenced soon.
3898The statement to the media may be one of the last the former FTX CEO made before going to a federal prison, which was suggested to be in the San Francisco Bay Area.
9272Will the former FTX CEO actually be in federal prison until he’s 57 years old? Will anything change in regard to FTX users getting their funds?
8687Many on social media suggested that 25 years was “too light” given the former FTX CEO’s crimes, speculating that he would end up serving less time in prison.
14197Judge Lewis Kaplan found that the former FTX CEO also committed witness tampering and perjury based on his testimony at trial over user funds.
31119According to the order, the assets allegedly are the proceeds of criminal activities linked to Michael Patryn, a co-founder of Quadriga Coin Exchange, and Gerald Cotten.
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