South Korean Man Sentenced to Prison for Involvement in Bitcoin Fraud Scheme
A South Korean court has sentenced a 70-year-old man to prison for his involvement in a Bitcoin (BTC) fraud scheme. The man, identified only by the initial A, received a one-year jail term for his role in a telecommunications-related financial fraud. According to Kyeonggi Ilbo, the man was recrui ...
Brazilian Court Imposes Fine on Crypto Pyramid Scheme Organizer Instead of Prison
A Brazilian court has given the organizer of the crypto pyramid scheme Mirror Trading International (MTI) a monetary fine instead of the three and a half years in prison he was expecting. The court found Johann Steynberg guilty of using forged identity documents. Although Steinberg was sentenced ...
Co-founder of Terraform Labs, Do Kwon, has been released from jail on $436,000 bail, along with co-defendant Han Jung.
Han Chang-jung was released along with him The bail for the two was approximately $870,000 It was paid by the defendants' wives Scandalous Terraform Labs co-founder Do Kwon has been released from jail pending trial after posting $436,000 bail. This ...
Former Coinbase Product Manager Sentenced to Two Years in Prison for Insider Trading
A U.S. court sentenced former Coinbase Global product manager Ishan Wahi, accused of insider trading, to two years in prison. According to a court filing, Ishan Wahi used confidential information he gained access to while working at Coinbase to profit from new token listing ...
Former Coinbase Product Manager Sentenced to Prison for Insider Trading
Ishan Wahi is accused of insider trading He must surrender by June 21 Ishan may serve his sentence at Fort Dix Federal Correctional Institution in New Jersey Former Coinbase product manager Ishan Wahi was sentenced to 24 months in prison. On May 9, Lo ...
Woman Sentenced to Prison for Dealing with Cryptocurrency in New Hampshire
A 35-year-old resident of New Hampshire accused of engaging in illegal activities has been sentenced to 18 months in prison by the US District Court for dealing with cryptocurrency. According to prosecutor Jane Young, Aria DiMezzo exchanged fiat currencies, mainly US dollars, for bitcoin between ...
Kursk Police on the Hunt for Cryptocurrency Fraudsters After Local Resident is Defrauded of 1.2 Million Rubles
The Kursk regional police are currently on the hunt for individuals who scammed a local resident out of 1,290,000 rubles by posing as cryptocurrency investors. The victim, a 43-year-old man, fell prey to a standard fraud scheme when he responded to an online advertisement promising huge profits t ...
James Zhong Sentenced to Prison for Stealing over 51,000 BTC from Silk Road
James Zhong was sentenced to a year and a day in prison by the Southern District of New York court due to his involvement in criminal activities related to the theft of over 51,000 BTC from the infamous Silk Road marketplace. In 2012, Zhong was able to hack the Silk Road's withdrawal processing s ...
US SEC Obtains Guilty Judgment Against Ormenus Coin Project Organizers for Investor Fraud
The US Securities and Exchange Commission has recently secured a conviction against the organizers of the Ormenus Coin cryptocurrency project, and is now seeking payment of a fine for duping investors. According to the regulator, siblings John Barksdale and Jonatina Barksdale developed and operat ...
Man Sentenced to Prison for Cryptocurrency Mining Scam
A man has been sentenced to three years in prison by the U.S. District Court for defrauding investors and stealing over $2 million through a cryptocurrency mining scam. According to U.S. Attorney Damian Williams, Chet J. Stojanovich, who also goes by Chester J. Stojanovich, operated Chet Mining C ...