HK SFC: Two Former Brokers Sentenced to Jail Over False Trading

Two former brokers face jail for false trading in Hong Kong. (Read More)

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Maine Senator Urges Biden to Consider Clemency for Ross Ulbricht During President’s Auburn Visit

On July 28, 2023, U.S. president Joe Biden made a trip to Auburn, Maine, where he delivered a speech at Auburn Manufacturing and subsequently attended a private fundraising gathering. Eric Brakey, the Republican senator representing Maine, greeted Biden upon his arrival in Auburn and handed him a note. In the message, he suggested that the [...]

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United Kingdom Issues Landmark Criminal Sentence for Illegal Crypto ATMs

A crypto ATM operator in the UK has been sentenced in the first case of its kind involving unregistered cryptocurrency. The individual was found guilty of running illicit crypto ATMs without proper registration, violating regulations set forth by the authorities. The operator’s illegal activities were uncovered during an investigation into the usage of unregistered crypto [...]

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Top Crypto Influencer Receives 45-Month Prison Sentence for Wire Fraud

A prominent figure in the cryptocurrency space has been sentenced to prison for engaging in wire fraud. The individual, known for their influence in the crypto community, was found guilty of using fraudulent means to obtain funds illegally. This development has shaken the digital currency sector, prompting discussions about ethical practices and transparency. The incident [...]

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Brit Gets Prison Time for Twitter Hack Impersonating Biden, Buffett in Bitcoin Scheme

A U.K. citizen has been sentenced by ? New York court to five years in prison for his role in a Twitter hack including the hijacking of accounts of U.S. political and business figures. The man is also responsible for the theft of large amounts of cryptocurrency in a SIM swap attack. Hacker Goes to

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US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine

A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk Payments A Russian national

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Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law, [...]

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Virgil Griffith Sentenced to 63 Months in Prison

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Canadian Man Receives Extended Prison Sentence for Concealing 450 Bitcoins from Authorities

Canadian Crypto App Founder Concealed 450 Bitcoin, Faces Jail Time The founder of a Canadian cryptocurrency application has been sentenced to jail for hiding 450 Bitcoin from the authorities. The individual, whose identity remains undisclosed, was found guilty of concealing the digital assets in an attempt to avoid paying taxes. The court ruling comes as [...]

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Terra’s Do Kwon Receives 4-Month Jail Sentence in Montenegro for Counterfeit Passport Usage

Montenegro’s court has determined that Do Kwon, the co-founder of Terraform Labs, is guilty of using a counterfeit Costa Rican passport. As a result, he has been sentenced to four months in jail for the offense. Do Kwon Sentenced to 122 Days in Prison, Defendant Has 8 Days to Appeal According to the Montenegrin court, [...]

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Senator Lummis pushes forward crypto plans after Trump victory: Law Decoded

California revokes BlockFis license amid bankruptcy, Caroline Ellison is sentenced, Crypto.com faces scrutiny in Poland, and Senator Cynthia Lummis supports Trumps Bitcoin reserve proposal.

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