Telegram CEO and brothers arrest warrants were issued in March: Report
The news comes hours after a report revealed that Durovs phone was hacked back in 2017, a year before he met with the French president.
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The news comes hours after a report revealed that Durovs phone was hacked back in 2017, a year before he met with the French president.
The Telegram founders unexpected arrest marks a significant development in the ongoing scrutiny of tech leaders amid growing legal challenges facing the crypto industry.
India has an estimated 104 million Telegram users, according to World Population Review, and represents the platforms largest user base globally.
Telegram founder Pavel Durov was arrested in France on Aug. 24. Heres what we know so far and how prominent figures have reacted.
The Telegram team said, "Telegram's CEO Pavel Durov has nothing to hide and travels frequently in Europe."
It remains unclear if Durov has been officially arrested or charged.
TON traders might view the recent dip as a chance to buy low if Durovs arrest is an isolated incident.
Reports are trickling in via social media and mainstream news outlets, but so far, there hasnt been any official confirmation.
Reports are trickling in via social media, but so far, we havent seen any official confirmation.
While the suspects names remain undisclosed, the arrests mark a significant step toward justice for the victims of the Holograph hack.
The authorities continue to urge the public to remain cautious and verify the legitimacy of financial transactions to avoid falling victim to such elaborate scams.
Authorities seized $12.2 million worth of digital assets, real estate and luxury cars during the arrest.
Do Kwon, the founder of the now-defunct Terra USD (UST) and Luna (LUNA) cryptocurrencies, could face up to five years in a Montenegrin prison before being extradited to South Korea or the United States.
Kwon is currently under quarantine for COVID-19 and will soon be sharing a cell with other inmates in a Montenegrin prison, according to a report by a local lawyer.
The cell Kwon will be occupying is only 8 square meters and is usually filled with between 10 and 11 people, leaving no room for a bed.
Inmates are only allowed a 30-minute walk in the prison yard each day and can only purchase limited items like cigarettes and coffee.
Kwon's initial arrest in Montenegro was due to presenting false documents, is a crime that carries a penalty of up to five years.
While both South Korea and the United States have requested Kwon's extradition, Montenegro has yet to make a decision.
If Montenegro decides to pursue it, this could be the first of three nations aiming for him to serve time in their prisons.
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Author: Mark Pippen
London News Desk
Breaking Crypto News
Do Kwon, the founder of the now-defunct Terra USD (UST) and Luna (LUNA) cryptocurrencies, could face up to five years in a Montenegrin prison before being extradited to South Korea or the United States.
Kwon is currently under quarantine for COVID-19 and will soon be sharing a cell with other inmates in a Montenegrin prison, according to a report by a local lawyer.
The cell Kwon will be occupying is only 8 square meters and is usually filled with between 10 and 11 people, leaving no room for a bed.
Inmates are only allowed a 30-minute walk in the prison yard each day and can only purchase limited items like cigarettes and coffee.
Kwon's initial arrest in Montenegro was due to presenting false documents, is a crime that carries a penalty of up to five years.
While both South Korea and the United States have requested Kwon's extradition, Montenegro has yet to make a decision.
If Montenegro decides to pursue it, this could be the first of three nations aiming for him to serve time in their prisons.
---
Author: Mark Pippen
London News Desk
Breaking Crypto News
Sam Bankman-Fried's sentence of 25 years came down this week, following his lawyers and family making all possible attempts at getting him a shorter sentence.
Here we will review those attempts, knowing that ultimately in the end, they failed.
Sam's Parents Fear His Social Awkwardness Puts him in 'Extreme Danger' in a Prison Environment...
Sam's family made a desperate plea to the judge, begging for leniency in his sentencing for the FTX cryptocurrency fraud case. His parents, Barbara Fried and Joseph Bankman, warned that their son's social awkwardness and inability to read social cues could put him in "extreme danger" behind bars, fearing for his life in a typical prison environment.
In a heartfelt letter, Barbara Fried described her son's touching but naive belief in the power of facts and reason, arguing that his outward presentation and misinterpretation of social cues could lead to potentially disastrous situations with fellow inmates. Joseph Bankman echoed these concerns, cautioning that his son's "odd" social responses could be misconstrued as disrespect or evasion, putting him at significant physical risk.
Also included, a letter from Sam's current jail bunkmate, a former NYPD officer arrested after being caught soliciting underage teens for explicit images on twitter, calling Sam the 'least intimidating person here' which has led to other inmates targeting him for harassment.
Lawyers Argue for a DRASTICALLY Shorter Sentence...
With the value of crypto increasing, it appears the FTX's holdings are worth enough to fully cover everything owed to customers.
Focused on this new factor, Bankman-Fried's legal team also made an effort to secure a lighter sentence, arguing for a prison term of no longer than 78 months, or 6 ½ years. They say the trial largely revolved around the story of a rogue, careless CEO whos actions caused his customers to lose billions.
However, this argument inspired the team handling the FTX bankruptcy to write a letter to the judge, where they say removing Sam is the only thing that stopped the bleeding, and that he deserves no credit for the company's ability to pay users back today, because at the time he was spending customers money without their knowledge, he was gambling, and easily could have lost it all.
In the End, All Attempts for a Lighter Sentence FAILED...
All hopes for leniency were shattered when U.S. District Judge Lewis Kaplan handed down a 25-year sentence for Bankman-Fried's role in the fraud that led to the collapse of FTX. Judge Kaplan firmly rejected Bankman-Fried's statements from the trial when he took the stand in his own defense, accusing him of lying during his testimony.
"He knew it was wrong," Kaplan said, "He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right."
Bankman-Fried was taken away by US Marshalls to begin his 25-year sentence - now living out the worst fears expressed by his concerned parents.
In conclusion...
It's expected that Sam's legal team will appeal, his parents stating they will "continue to fight" for their son, but the odds of that succeeding would be extremely low without some major new information coming to light.
While Sam and his family may find it hard to find anything positive in how things ended, it's worth noting that his crimes gave the judge the option of sentencing him for up to 110 years in prison. While Sam's family and lawyers argued for a much shorter 6 years, getting 25 seems like a huge defeat - but compare to 110 years it seems the judge was still fairly lenient.
Sam will probably be free again, at 57 years old. It's widely believed that Sam has a secret stash of Bitcoin tucked away in a wallet no one knows belongs to him - what do you think the price of BTC will be in 2049?
------
- Miles Monroe
Washington DC Newsroom
GlobalCryptoPress.com
Sam Bankman-Fried's sentence of 25 years came down this week, following his lawyers and family making all possible attempts at getting him a shorter sentence.
Here we will review those attempts, knowing that ultimately in the end, they failed.
Sam's Parents Fear His Social Awkwardness Puts him in 'Extreme Danger' in a Prison Environment...
Sam's family made a desperate plea to the judge, begging for leniency in his sentencing for the FTX cryptocurrency fraud case. His parents, Barbara Fried and Joseph Bankman, warned that their son's social awkwardness and inability to read social cues could put him in "extreme danger" behind bars, fearing for his life in a typical prison environment.
In a heartfelt letter, Barbara Fried described her son's touching but naive belief in the power of facts and reason, arguing that his outward presentation and misinterpretation of social cues could lead to potentially disastrous situations with fellow inmates. Joseph Bankman echoed these concerns, cautioning that his son's "odd" social responses could be misconstrued as disrespect or evasion, putting him at significant physical risk.
Also included, a letter from Sam's current jail bunkmate, a former NYPD officer arrested after being caught soliciting underage teens for explicit images on twitter, calling Sam the 'least intimidating person here' which has led to other inmates targeting him for harassment.
Lawyers Argue for a DRASTICALLY Shorter Sentence...
With the value of crypto increasing, it appears the FTX's holdings are worth enough to fully cover everything owed to customers.
Focused on this new factor, Bankman-Fried's legal team also made an effort to secure a lighter sentence, arguing for a prison term of no longer than 78 months, or 6 ½ years. They say the trial largely revolved around the story of a rogue, careless CEO whos actions caused his customers to lose billions.
However, this argument inspired the team handling the FTX bankruptcy to write a letter to the judge, where they say removing Sam is the only thing that stopped the bleeding, and that he deserves no credit for the company's ability to pay users back today, because at the time he was spending customers money without their knowledge, he was gambling, and easily could have lost it all.
In the End, All Attempts for a Lighter Sentence FAILED...
All hopes for leniency were shattered when U.S. District Judge Lewis Kaplan handed down a 25-year sentence for Bankman-Fried's role in the fraud that led to the collapse of FTX. Judge Kaplan firmly rejected Bankman-Fried's statements from the trial when he took the stand in his own defense, accusing him of lying during his testimony.
"He knew it was wrong," Kaplan said, "He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right."
Bankman-Fried was taken away by US Marshalls to begin his 25-year sentence - now living out the worst fears expressed by his concerned parents.
In conclusion...
It's expected that Sam's legal team will appeal, his parents stating they will "continue to fight" for their son, but the odds of that succeeding would be extremely low without some major new information coming to light.
While Sam and his family may find it hard to find anything positive in how things ended, it's worth noting that his crimes gave the judge the option of sentencing him for up to 110 years in prison. While Sam's family and lawyers argued for a much shorter 6 years, getting 25 seems like a huge defeat - but compare to 110 years it seems the judge was still fairly lenient.
Sam will probably be free again, at 57 years old. It's widely believed that Sam has a secret stash of Bitcoin tucked away in a wallet no one knows belongs to him - what do you think the price of BTC will be in 2049?
------
- Miles Monroe
Washington DC Newsroom
GlobalCryptoPress.com
Crypto influencer Ben “Bitboy” Armstrong was apprehended in the state of Florida following a heated altercation with local authorities. The incident, which occurred on Thursday evening, gained traction on social media platforms as users expressed shock and concern over Armstrong’s unexpected run-in with law enforcement. Armstrong, known for his popular YouTube channel and active presence [...]
The post Crypto YouTuber Ben Bitboy Armstrong Arrested in Florida: What Happened? appeared first on Crypto Breaking News.
Four individuals have been arrested and charged in connection to a home invasion targeting popular streamer Amouranth. The suspects allegedly invaded the streamers residence with the intention of committing a crime. This incident has raised concerns within the streaming community about the safety and security of content creators. Amouranth, known for her live streams on [...]
The post Four Suspects Arrested for Home Invasion of Popular Streamer Amouranth appeared first on Crypto Breaking News.
India Takes Action: Aleksej Besciokov of Garantex Arrested In a recent development in India, authorities have taken action by arresting Aleksej Besciokov, the CEO of Garantex. This move comes as part of a larger crackdown on cryptocurrency-related activities in the country. The arrest of Besciokov is a significant step towards regulating the crypto industry in [...]
The post Indian Authorities Arrest Alleged Garantex Founder for Extradition to the US appeared first on Crypto Breaking News.
The suspected administrator of the Monopoly Market darknet marketplace has been extradited from Austria to face charges in the U.S. The man, a citizen of Serbia and Croatia who was arrested in Vienna last November, has been accused of facilitating $18 million in illegal drug transactions using cryptocurrencies. DNM Administrator Charged in U.S. With Running
The post Alleged Admin of Darknet Marketplace Monopoly Market Extradited to US appeared first on BTC Ethereum Crypto Currency Blog.
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