FTX Exec Ryan Salame Gets 7.5 Years in Prison
Former FTX executive Ryan Salame was sentenced to 7.5 years in prison for his role in the exchange’s downfall, but there are some positive aspects for him. Tuesday marked the sentencing of former FTX executive Ryan Salame to seven and a half years in prison, making him the most recent leader of a defunct cryptocurrency […]
SBF in Oklahoma Prison Despite Judge’s request
According to inmate records maintained by the Federal Bureau of Prisons as of May 23, Sam Bankman-Fried (SBF) is currently a detainee at the Federal Transfer Center located in Oklahoma City. As per the Office of the Inspector General for the U.S. Department of Justice, the facility temporarily houses detainees pending systemic transfers. Authorities may […]
Marco Ochoa Gets 5 Years in Prison for Wire Fraud
Judge Jennifer Rochon of the United States District Court for the Southern District of New York has ordered the forfeiture of $914,000 and the voluntary surrender of ex-IcomTech CEO Marco Ochoa in exchange for a 60-month prison sentence starting on March 19. Marco Ochoa, the former chief executive officer of IcomTech, a cryptocurrency mining company, […]
Former Bithumb Chairman Faces Eight-Year Prison Sentence
Prosecutors claim that Lee Jeong-hoon planned to restructure Bithumb’s management in order to profit from exchanging coins while dodging financial laws. The former chair of Bithumb, a significant cryptocurrency exchange in South Korea, Lee Jeong-hoon, is embroiled in a legal dispute that could result in an eight-year prison sentence; a ruling is expected on January […]
Former Bithumb chairman could face an 8-year prison sentence
If found guilty the former chairman of South Korean crypto exchange Bithumb could be sentenced to jail for a maximum of eight years over the alleged $70m fraud. According to a report from Yonhap News Agency, local prosecutors sought the Seoul District Court for the Bithumb sentence on October 25, and the sentencing hearing will […]