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 […]
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 […]
AriseCoin inventor goes to prison for involvement in crypto scam
AriseCoin inventor, Jared Rice, Sr., has been sentenced to five years in federal prison by Texas authorities. Aside from the jail time, he would have to repay $4.2M to investors who were defrauded through his crypto scheme. According to a news release issued by the US Department of Justice, Jared Rice, Sr. will be imprisoned […]