A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the m...
Tag: sentences
UK Court Sentences Four In Multimillion Euros Bitcoin Fraud Case ⋆ ZyCrypto
Advertisement     Four individuals linked to the theft of £21m in Bitcoin from an Australian crypto exchange were sentenced by a UK court on Friday, Jan 13, bringing t...
U.K. Court Sentences Four for £21m Crypto Fraud
A U.K. court has sentenced four men to 15 years in prison for illicitly obtaining £21 million ($25 million) worth of digital assets through an Australian cryptocurrency exchange. Preston Crown Court b...
Hong Kong Court Sentences Jimmy Lai On The U.N. Human Rights Day
December 10 marks the Human Rights Day, a day designed by the United Nations to commemorate the U.N. General Assembly adopting, in 1948, the Universal Declaration of Human Rights (the UDHR). The UDHR ...
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison – Regulation Bitcoin News
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, ...
U.S DOJ Sentences Man to 5 years of Jail For Crypto Scam
Bitcoin News Joshua David Nicholas was the “Head Trader” for EmpiresX as per DOJ. The exchange was a scam that stole digital assets worth $100 million. Florida native Joshua David Nicholas pled guilty...
Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine – Bitcoin News
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had co...
China Sentences Ex-City Party Chief to Death With Reprieve
(Bloomberg) — China has sentenced a former Communist Party city chief and securities regulator to death with a two-year reprieve for bribery and insider trading, state broadcaster CCTV reported....
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...
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 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...
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...