SBF lawyer: 50-year sentence belongs to "medieval" view of punishment
Lawyers for the former FTX CEO said: “It was unnecessary to crush Sam in this way.”
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Lawyers for the former FTX CEO said: “It was unnecessary to crush Sam in this way.”
Prosecutors are advocating for a lengthy prison term and an $11 billion judgment against Sam Bankman-Fried, former CEO of FTX, following his conviction for fraud. The case underscores the severity of financial misconduct in the cryptocurrency world, highlighting the need for accountability and caution.
Martin Mizrahi's conviction highlights the severe consequences individuals face for engaging in cryptocurrency crimes, amidst global efforts to combat such illicit activities. Despite ongoing legal actions, the scrutiny on cryptocurrency's role in financial crimes continues to intensify.
Former FTX CEO Sam Bankman-Fried faces up to 110 years in prison for fraud and money laundering. Legal team requests 5.25 to 6.5 years, citing first-time offense and restitution efforts. Sentencing set for March 28.
Amir Hossein Golshan, a 25-year-old Los Angeles resident, has been sentenced to 96 months in federal prison for orchestrating various scams, including "SIM swapping" to hijack Instagram accounts. Golshan's schemes, resulting in over $1.2 million in losses, involved impersonating individuals, fraudulent advertising, and exploiting two-step authentication vulnerabilities, showcasing the escalating sophistication of digital fraud.
Former Bithumb Chairman, Lee Jeong-hoon, faces an eight-year prison sentence over allegations of manipulating Bithumb's governance in a complex cryptocurrency scandal, with a verdict set for January 18, 2024, potentially impacting Bithumb's future and regulatory scrutiny in the industry.
The long-anticipated sentencing of Sam Bankman-Fried, former CEO of FTX, is slated for March 2024.
Karl Greenwood, a key figure in the infamous OneCoin pyramid scheme, has been handed a stern 20-year prison sentence. This verdict also entails a substantial forfeiture of $300M.
The DAO intends to generate income with its native DAI stablecoin through traditional investments in U.S. Treasury bonds and even corporate bonds.
The DAO intends to generate yield with its native DAI stablecoin via traditional investments in US treasuries and possibly even corporate bonds.