Many 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.
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.
- 10382
Judge Lewis Kaplan found that the former FTX CEO also committed witness tampering and perjury based on his testimony at trial over user funds.
15882According 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.
6763More than 500 days after FTX filed for bankruptcy, the world will soon learn whether former CEO Sam Bankman-Fried remains in prison for decades or receives a lenient sentence.
6666On March 28, Judge Lewis Kaplan will decide how long former FTX CEO Sam Bankman-Fried will remain in prison following his conviction on seven felony counts.
10283KuCoin founders Chun Gan and Ke Tang remain at large, according to DOJ officials, who unsealed an indictment against the exchange on March 26.
15055Prosecutors purportedly plan to confiscate the Terraform Labs co-founder’s South Korean passport, though he allegedly used a forged Costa Rican passport in Montenegro in 2023.
3109The attorney cited Irinia Dilkinska’s role as a “loving wife and mother,” claiming time served was an appropriate sentence for her role in the OneCoin scheme.
11171The U.S. Attorney’s Office says this is one of the first times the U.S. has recovered USDT from an unhosted digital currency wallet.
5729Most victims were lured to phishing websites from comments posted by impersonator accounts on X.
2742From April 26, the U.K. economic crime legislation will include civil recovery orders for confiscating crypto assets.
19563The former FTX CEO’s mother, father, and brother all wrote letters to Judge Lewis Kaplan suggesting that SBF’s lack of social awareness could lead to problems in prison.
24190Though potentially facing up to 110 years in prison, Sam Bankman-Fried could be sentenced by Judge Lewis Kaplan to 15–25 years based on his case, according to some lawyers.
4109According to Do Kwon’s legal team, a Montenegrin High Court made a Feb. 21 ruling to extradite the Terraform co-founder to the United States “based on erroneous information.”
4111Three judges rejected arguments that a court violated Randall Crater’s Sixth Amendment rights and included testimony from a crypto expert he claimed was unqualified.
10742