Arthur Hayes, the co-founder and former CEO of crypto derivatives trading platform BitMEX, has filed a request for leniency in his sentencing, which is scheduled for later this month. Hayes Asks for N...
Tag: Jail
Former BitMEX Chief Asks Court for Probation, Not Jail
Former BitMEX co-founder and CEO Arthur Hayes is asking for no jail time and permission to live overseas in anticipation of his sentencing later this month. Lawyers for the 37-year-old American entrep...
Arthur Hayes Asks Court Not to Send Him to Jail
Alex Dovbnya BitMEX CEO Arthur Hayes is asking a federal judge for a non-jail sentence Former BitMEX CEO Arthur Hayes is asking a Manhattan federal judge for a sentence without incarceration. The cont...
Tennis Legend Boris Becker Given 2 1/2 Year Jail Term For Hiding Assets
Topline Former German tennis star Boris Becker—whose off-court troubles have overshadowed his athletic success—was sentenced Friday to two-and-a-half years in prison after a U.K. court found he withhe...
Brooklyn Subway Shooting Suspect To Remain In Jail Without Bail
Topline The 62-year-old man accused of going on a shooting spree in a crowded subway car in Brooklyn on Tuesday morning will be held in jail without bail, a judge ruled Thursday in the suspect’s first...
Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions
The strong hands of the law have been stretched to Virgil Griffith, an American national and one of the Ethereum core programmers, who is sentenced to 63 months in jail by U.S. District Judge P. Kevin...
Former Ethereum Developer Faces 63 Months In Jail For Breaking Sanctions
Former Ethereum developer Virgil Griffith is set to face 63 months in prison and an additional $100,000 fine for violating sanctions on North Korea. He was accused of helping North Korea to use blockc...
Former Ethereum Developer Virgil Griffith Bags 63 Months Jail Time
When allowed to speak, Griffith said he’d learned his lessons. “I am still profoundly embarrassed that I am here, and of what I have done,” added he. Manhattan judge, Kevin Castel, has delivered a jud...
Sanctions Evasion: Ethereum developer Virgil Griffith sentenced to 63 months jail for helping North Korea
TL;DR Breakdown Former Ethereum developer Virgil Griffith was tried for various allegations. Griffith attended a conference in Pyongyang regarding cryptocurrency, helping North Korea in sanctions evas...
Drift Looks Back on “First Day Out” of Jail With $6.8M NFT Drop
Key Takeaways Drift sold 10,351 NFTs for his “First Day Out” open edition drop over the weekend. He raised about $6.8 million, $1 million of which will go to The Bail Project. Open edition...
Turkish Prosecutor Demands 40,564 Jail Time For Crypto Officials, CEO
A prosecutor in Turkey asked for jail sentences as long as 40,564 years for 21 officials of a cryptocurrency exchange based in Istanbul, Thodex, a year after it collapsed and its CEO vanished. The in...
Turkey to Jail Missing Thodex CEO and Executives for at Least 40,000 Years
A year after the Thodex cryptocurrency exchange went bankrupt, Turkish prosecutors are now seeking at least a 40,000 year-jail term for Faruk Fatih Ozer, the Chief Executive Officer of the trading pla...
Turkey seeks 40,000-year jail sentences for crypto CEO, officials
A Turkish prosecutor asked for jail sentences as long as 40,564 years for 21 officials of the Istanbul-based Thodex cryptocurrency exchange, about a year after it was shut down and its CEO disappeare...
Turkey Seeks Jail Sentences of over 40,000 Years for Thodex Founders
Turkish prosecutors are seeking jail sentences totaling up to 40,564 years for 21 of the founders and executives of the crypto-exchange Thodex. Bloomberg reported that TRY 356 million ($24 million) in...
Turkish Prosecutor Seeks 40564-Year Jail Term for Crypto Exchange CEO Over Alleged $24M Fraud
A cryptocurrency exchange boss alongside his cohort of executives could face the longest jail term in crypto history if found guilty over an alleged $24 million fraud. A Bloomberg report on Friday rev...
Man Faces Considerable Jail Time After Committing Crypto Fraud Worth Thousands Of Dollars ⋆ ZyCrypto
Advertisement     The US Department of Justice announces the conviction of a man that pilfered thousands of dollars in cryptocurrencies. The scheme involved posing as ...
Dark Web Drug Lord Forfeits $2.3 Million In Bitcoin, Gets 8 Years In Jail
Lots of crazy stuff happen on the dark web on a daily basis. The brains behind a highly sophisticated drug trafficking network was sentenced in federal court in Boston on Friday for making and distrib...
China breaking: Crypto traders to serve over 10 years in jail
BEIJING, May 18 (Reuters) – China has prohibited financial institutions and payment businesses from offering services connected to cryptocurrency transactions and has urged investors against participa...
China outlaws crypto fundraising, offenders could face jail sentences
Under new legal interpretation from China’s Supreme People’s Court, raising funds using cryptocurrency is deemed as an illegal activity in the country, according to South China Morning Post. The new b...
China now threatens jail for raising funds for crypto
Chinese lawmakers have gone a step further in trying to ensure that cryptocurrencies are stamped out once and for all in the country. Those found guilty of raising funds for crypto projects can now fa...
China criminalizes crypto fundraising, offenders will face jail sentences
TL;DR Breakdown: Crypto fundraising in China has now become a criminal offence. Offenders could be punished with jail sentences. After banning cryptocurrency trading and mining, China has now declare...
China’s Bitcoin Crackdown Strengthens With Potential Fines, Jail Sentences
In brief China’s Supreme Court has issued a ruling that specifies penalties for offenders who use cryptocurrency to raise funds. Penalties range up to 10 years in prison and fines of up to 500,000 yua...
China can now jail people if funds raised via crypto from public
Quick Take Chinese courts can now issue jail sentences if people raise funds via crypto from the public. The move adds legal teeth to China’s crypto crackdown. advertisement China announced powers to...
Federal Judge Releases ‘Razzlekhan,’ Orders Other Bitfinex Hack Laundering Suspect to Remain in Jail
Prosecutors allege that Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, conspired together to launder 119,754 bitcoins – worth over $5 billion in today’s prices – that were stolen during the ...
S Korea: Former CEO of V Global gets 22 years jail over $1.9 billion scam
Seven V Global executives have been found guilty of misappropriating 2 trillion KRW ($1.9 billion) in the latest verdict on Friday, as per reports. While the six of them will serve varying jail-time o...
US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors – Regulation Bitcoin News
A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did n...
Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators – Emerging Markets Bitcoin News
The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regu...
Myanmar Military Government Proposes to Jail Digital Currency and VPN Users – Regulation Bitcoin News
Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders w...