The judgment imposed the prison sentence on Christen Ager-Hanssen for contempt of court due to “deliberate” breaches of court orders related to his theft of property belonging to his former employer nChain.
The Ministry of Justice is behind the bill, which seeks to combat money laundering and fraud through digital assets, proposing fines of up to $1.5 million.
Both Sam Bankman-Fried and Martin Mizrahi committed crimes they should have realized would eventually be exposed while insisting on their innocence to the end.
Scammers are reportedly using fake apps to trick Chinese digital yuan users with promises of dividends before wiping the victims’ accounts clean.
A new report by John Griffin and graduate student Kevin Mei made waves last week, claiming that pig butchering has stolen over $75.3 billion from its victims as of February 2024.
US Treasury plans to release its 2024 National Strategy for Combatting Terrorist and Other Illicit Finance, which will be based on the 2024 National Risk Assessments.
The new amendments will hand life sentences to any criminal that embezzles over $3.8 million, with the minimum time served for digital currency crime at one year.
The charges against Xue 'Sam' Lee, accusing him of orchestrating the scheme that took $1.89 billion from its 'investors' between June 2020 and November 2022, were originally filed on January 25.
Lawyer Mark Scott is sentenced to 10 years in prison after he was convicted on two felony counts related to bank fraud and money laundering through the OneCoin digital asset scheme.
Mark Scott’s lawyers had proposed a five-year term for the disgraced lawyer, but prosecutors are pushing for 17 years “to match the seriousness of his crime.”
The Colorado pastor admitted to the charges of pocketing $1.3 million by selling a worthless token but said God told him to sell the INDX token with no exit.
North Korea reportedly earned $3 billion from stealing digital assets, which it used to evade sanctions and fund its nuclear ambitions.
