Why Changpeng Zhao Remains Free Despite a Prison Sentence
Changpeng Zhao's prison start is delayed as authorities assess Seatac's suitability; his high-powered legal team also contributes to the postponement.
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Changpeng Zhao's prison start is delayed as authorities assess Seatac's suitability; his high-powered legal team also contributes to the postponement.
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.
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.
Ex-Alameda CEO Caroline Ellison implicates Sam Bankman-Fried in financial crimes, revealing a $14 billion fraud scheme during his trial
Fate intertwines again as Caroline Ellison, SBF’s lover, reveals her knowledge of FTX’s impending crisis, voices her unhappiness and discontent, and shows her jealous side.
Butler previously ran the Custody Services division at the bank.
Former Alameda CEO says the trading firm made short-term and open-term loans worth billions of dollars to pay for its venture investments.
Former Alameda Research CEO Caroline Ellison will need all the help she can get from no other than a highly decorated former regulator of the US SEC.
The SBF-Ellison love affair raises psychological questions on how this might have fed into the collapse of FTX.