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.
JixuFormer 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.
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JinseFinanceThe defense for Terra and Do Kwon emphasized the differentiation between programmatic sales of digital assets, which are not categorized as securities, and institutional sales, which are considered securities under investment contracts, following the "Torres Doctrine."
Coinlive Quick Take The SEC Chair demurred on whether the commission would appeal a federal judge’s split decision in its case against Ripple Labs.
TheBlockRipple Labs CEO Brad Garlinghouse said Friday that the SEC has been a “bully.” The SEC has cracked down on the industry in a mission to protect investors, ramping up enforcement actions over the past year.
TheBlockAnalysts saw a federal judge’s split decision in the Securities and Exchange Commission’s case against Ripple as a ‘wake-up call’ for the SEC, though the decision could be reversed on appeal. The extent of the decision’s impact beyond Ripple’s case remains to be seen, as the judge declined to rule that some of Ripple’s sales of XRP violated securities law, though sales to institutional investors did.
TheBlockPreviously, Kwon claimed that he had no idea the passport he carried when caught was fake.
cryptopotatoDeaton has revealed reasons why Judge Torres holds back on ruling the lawsuit.
BitcoinistLee Jung-hoon will not go to prison after Judge Kang Gyu-Tae proclaimed him not guilty of committing fraud.
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