SBF lawyer: 50-year sentence belongs to "medieval" view of punishment
Lawyers for the former FTX CEO said: “It was unnecessary to crush Sam in this way.”
JinseFinanceLawyers for the former FTX CEO said: “It was unnecessary to crush Sam in this way.”
JinseFinanceProsecutors are advocating for a lengthy prison term and an $11 billion judgment against Sam Bankman-Fried, former CEO of FTX, following his conviction for fraud. The case underscores the severity of financial misconduct in the cryptocurrency world, highlighting the need for accountability and caution.
BerniceMartin Mizrahi's conviction highlights the severe consequences individuals face for engaging in cryptocurrency crimes, amidst global efforts to combat such illicit activities. Despite ongoing legal actions, the scrutiny on cryptocurrency's role in financial crimes continues to intensify.
Cheng YuanFormer FTX CEO Sam Bankman-Fried faces up to 110 years in prison for fraud and money laundering. Legal team requests 5.25 to 6.5 years, citing first-time offense and restitution efforts. Sentencing set for March 28.
EdmundAmir Hossein Golshan, a 25-year-old Los Angeles resident, has been sentenced to 96 months in federal prison for orchestrating various scams, including "SIM swapping" to hijack Instagram accounts. Golshan's schemes, resulting in over $1.2 million in losses, involved impersonating individuals, fraudulent advertising, and exploiting two-step authentication vulnerabilities, showcasing the escalating sophistication of digital fraud.
JixuEx-Bithumb chairman Lee Jeong-hoon awaits an 8-year prison term decision on January 18, 2024, accused of deceiving BK Group's chairman in a Bithumb acquisition, involving a disputed BXA token listing and alleged embezzlement of 110 billion won ($70 million). The verdict may set a precedent in exchange governance disputes, impacting Bithumb's future and industry policies amid increased regulatory scrutiny.
JixuFormer Bithumb Chairman, Lee Jeong-hoon, faces an eight-year prison sentence over allegations of manipulating Bithumb's governance in a complex cryptocurrency scandal, with a verdict set for January 18, 2024, potentially impacting Bithumb's future and regulatory scrutiny in the industry.
JasperKarl Greenwood, a key figure in the infamous OneCoin pyramid scheme, has been handed a stern 20-year prison sentence. This verdict also entails a substantial forfeiture of $300M.
CatherineChastain, 31, who had no previous criminal record and was seen as having "a potentially bright future", received this verdict from a U.S. District Court judge in the Southern District of New York.
SnakeBitcoin price action fails to crack $32,000 and heads back to square one, sparking $60 million of long liquidations in the process.
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