Robbers get #prison sentence for #cryptocurrency theft in Russia’s Omsk region.

#buildtogether #Binance #crypto2023


https://news.bitcoin.com/russian-court-sends-3-crypto-robbers-to-strict-regime-prison/

🚔 #FTX founder Sam Bankman-Fried is found guilty on all seven counts, facing up to 115 years behind bars!

#SamBankman-Fried #prison #Alameda #cryptonews

The first tweet from #changpengzhao (CZ) after being released from #prison . 🎉

#BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix

Sam Bankman-Fried files appeal for felony conviction #conviction

Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.
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Lawyers representing former cryptocurrency exchange FTX CEO Sam “SBF” Bankman-Fried have filed a long-anticipated appeal for his conviction on seven felony counts and his 25-year prison sentence. #prison
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In a Sept. 13 filing in the United States Court of Appeals for the Second Circuit, SBF’s lawyers filed a 102-page brief claiming that the former FTX CEO was “never presumed innocent,” subject to scrutiny that allegedly affected prosecutors, the presiding judge, and treatment by the media.

Bankman-Fried’s legal team announced in April — a few weeks after a federal judge sentenced him to 25 years in prison — that they intended to appeal. #AppealForSupport
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According to the appeal, SBF’s lawyers alleged the jury was “only allowed to see half the picture” with FTX user funds, claiming prosecutors had “presented a false narrative” that the money was permanently lost and Bankman-Fried intentionally caused that loss.

They also claimed that counsel for the FTX debtors worked with the US government in a way that was above and beyond “cooperation,” providing information allegedly as an “arm of the prosecution.” #ProsecutionDefense

“From day one, the prevailing narrative—initially spun by the lawyers who took over FTX, quickly adopted by their contacts at the US Attorney’s Office— was that Bankman-Fried had stolen billions of dollars of customer funds, driven FTX to insolvency, and caused billions in losses,” said the appeal.

“Now, nearly two years later, a very different picture is emerging—one confirming FTX was never insolvent, and in fact had assets worth billions to repay its customers. But the jury at Bankman-Fried’s trial never got to see that picture.” #PICTURE

The legal team requested the appellate court grant SBF a new trial with a different judge.

Prison Sentence for Vitalik Buterin? Cardano’s Charles Hoskinson Sparks Controversy

On Monday, the crypto world buzzed with anticipation as CoinDesk unveiled its prestigious list of the most influential personalities in 2023. A familiar name stood out prominently—Vitalik Buterin, the co-founder of Ethereum, had secured the coveted title four times since 2014, establishing himself as a powerhouse within the crypto space.

However, this time around, the question loomed: could Buterin clinch a fifth consecutive win?

Before delving into the unexpected twist, it’s crucial to acknowledge the stellar lineup presented by CoinDesk. Alongside Buterin, recurring figures on the list included the likes of Balaji Srinivasan, Satoshi Nakamota, Andre Cronje, and other luminaries who have significantly shaped the crypto landscape.

Discussions about influential figures took an unexpected turn when Charles Hoskinson, the visionary mind behind Cardano, introduced a touch of humor and controversy. Renowned for his contributions to the blockchain space, Hoskinson stirred the pot by suggesting an 18% chance of a prison sentence for none other than Ethereum’s co-founder, Vitalik Buterin.

This surprising twist emerged during the release of CoinDesk’s latest list, sparking a ripple of reactions within the crypto community.

As the community eagerly speculated on the potential outcome of the 2023 rankings, a broader question surfaced, setting the stage for Charles Hoskinson’s unanticipated contribution.

In the midst of the excitement surrounding the influential list, Charles Hoskinson seized the opportunity to inject a dose of humor.

Some speculators within the crypto sphere posited that Hoskinson’s comment might be a subtle attempt to downplay Buterin’s influence, adding another layer to the ongoing narrative of competition between Cardano and Ethereum enthusiasts.
#prison #cardano #charleshoskinson #BinanceTournament #CryptoScoop
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A Georgia man has been sentenced to prison for cryptocurrency computer fraud.

Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S.
In addition to his prison sentence, U.S. District Court Judge J. Randal Hall ordered Drawdy to pay over $1.1 million in restitution and to serve three years of supervised release after his prison term.

This just shows the importance of staying vigilant and informed in the world of cryptocurrency. It's a reminder that we need to protect our digital assets and be aware of potential threats. Stay safe out there, folks! #Georgia #prison

Crypto giant Binance's founder, Changpeng Zhao (CZ), is now serving a 4-month prison sentence in California. This comes after he pleaded guilty to charges related to allowing money laundering on his exchange.

Prosecutors had initially sought a much harsher sentence of 3 years, but Zhao received leniency due to his admission of guilt. He expressed remorse for failing to implement proper anti-money laundering measures at Binance.

This sentencing is part of a larger settlement Zhao reached with the US government in November 2023. The deal concluded a lengthy investigation into Binance and resulted in Zhao's resignation as CEO. He was also hit with a personal fine of $50 million, on top of the $4.3 billion in fines imposed on Binance itself.

CZ's case isn't an isolated incident. The crypto industry is facing a wave of legal troubles. This is further highlighted by the recent 25-year sentence for Sam Bankman-Fried, founder of the collapsed FTX exchange, who was convicted of fraud.

#BinanceSquareFamily #czprison #prison #changpengzhao $BNB